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Non Custodial Exchange

All articles tagged with #non custodial exchange

cryptocurrency2 years ago•4 min saved

Wall Street-Backed Crypto Exchange Launch Sparks Bitcoin Frenzy

EDX Markets, a new cryptocurrency exchange backed by Wall Street giants including Citadel Securities, Fidelity Investments, and Charles Schwab, has launched its digital asset market with a non-custodial model designed to minimize conflicts of interest and avoid entanglements with the SEC. The exchange supports trading of only four cryptocurrencies, none of which have been identified as securities by the SEC. EDX's approach differs from how most crypto exchanges operate, as it runs a marketplace where firms agree to execute trades of coins and dollars, using its platform to agree on prices. The news sparked modest buying across the crypto sector, with Bitcoin rising above $27,000 amid renewed investor optimism.

via OilPrice.com|

#bitcoin #cryptocurrency #edx-markets

cryptocurrency2 years ago•1 min saved

EDX Crypto Exchange Launches with Major Wall Street Backers.

EDX Markets, a non-custodial cryptocurrency exchange backed by Charles Schwab and Fidelity, has launched trading for bitcoin, ether, litecoin, and bitcoin cash. The exchange plans to launch a clearinghouse later this year to help customers settle trades. EDX has also attracted new investors, including Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR, and Hudson River Trading. By positioning itself as a non-custodial exchange, EDX aims to cater to the needs of major financial institutions seeking crypto exposure but harboring reservations about centralized crypto service providers.

via Investopedia|

#charles-schwab #cryptocurrency #edx-markets

cryptocurrency2 years ago•2 min saved

Major finance firms launch new crypto exchange.

EDX Markets, a crypto exchange aimed at institutional investors, has launched with backing from finance giants including Citadel Securities, Fidelity Digital Assets, Virtu Financial, Charles Schwab, Sequoia and Paradigm. The exchange is taking a cautious approach with US securities regulators, offering only four cryptocurrencies that the SEC has not deemed securities: bitcoin, ether, litecoin and bitcoin cash. EDX's crypto operations have been modeled after the stock market, and it is a non-custodial exchange that will funnel trades through retail brokerages. EDX is set to announce the conclusion of a second funding round on Tuesday.

via Blockworks|

#cryptocurrency #edx-markets #institutional-investors