- EDX officially launched trading in bitcoin, ether, litecoin, and bitcoin cash today.
- The crypto exchange has also completed a second funding round with new investors.
- EDX has plans of launching a clearinghouse business later this year as well.
EDX Markets is backed by financial giants
On Tuesday, the crypto exchange that has support from a bunch of Wall Street behemoths, including Fidelity, Charles Schwab and Citadel Securities launched trading in the said digital assets.
EDX Markets had first revealed plans of launching a non-custodial exchange last year in September. In a press release this morning, its CEO Jamil Nazarali said:
EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates strength of our platform and demand for a safe and compliant crypto market.
EDX will soon launch a clearinghouse business
In its press release, EDX Markets also confirmed today that it has completed a second round of funding with new investors. CEO Nazarali added:
We are committed to bringing the best of traditional finance to cryptocurrency markets, with an infrastructure built by market experts to embed key institutional best practices.
A non-custodial crypto exchange is known to be safer than the custodial wallet. On Tuesday, EDX Markets revealed plans of introducing a clearinghouse business in the coming months as well.
The news arrives only days after BlackRock officially filed to launch a Spot Bitcoin ETF in the United States (read more), suggesting the long-term institutional demand remains intact despite the FTX fiasco and the ongoing regulatory crackdown.