• EDX formally launched buying and selling Bitcoin, Ether, Litecoin and Bitcoin Money at the moment.
• The cryptocurrency trade has additionally accomplished its second funding spherical with new traders.
• EDX plans to launch a clearinghouse enterprise later this yr.

Buyers can now commerce Bitcoin, Litecoin, Ether, and Bitcoin Money on EDX Markets, a brand new digital asset market.

EDX Markets is backed by monetary giants

On Tuesday, the cryptocurrency trade, which is backed by Wall Avenue giants together with Constancy, Charles Schwab and Citadel Securities, started buying and selling the digital asset.

EDX Markets first revealed its plans to launch a non-custodial trade in September final yr. In a press launch this morning, firm CEO Jamil Nazarari mentioned:

EDX’s capacity to draw new traders and companions, even within the face of sector headwinds, demonstrates the energy of our platform and the demand for a safe and compliant crypto market.

It’s value noting that in a current criticism filed towards Binance and Coinbase by the US SEC, not one of the 4 crypto property that might be traded on EDX had been known as “securities.”

EDX will begin clearing home enterprise quickly

In a press launch, EDX Markets additionally confirmed at the moment that it has closed its second funding spherical with new traders. CEO Nazarari added:

We’re dedicated to bringing one of the best of conventional finance to the cryptocurrency market utilizing an infrastructure constructed by market consultants to include main organizational finest practices.

Non-custodial crypto exchanges are recognized to be safer than custody wallets. EDX Markets additionally revealed Tuesday that it plans to introduce a clearing home enterprise within the subsequent few months.

The information comes simply days after BlackRock formally utilized to launch a spot Bitcoin ETF within the US (learn extra), and regardless of the FTX debacle and ongoing regulatory crackdown, This implies that long-term institutional demand stays intact.