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In a bold move set to challenge the dominance of the New York Stock Exchange (NYSE) and Nasdaq, BlackRock Inc. and Citadel Securities are among the investors supporting the establishment of a new national stock exchange in Texas. The Texas Stock Exchange (TXSE), headquartered in Dallas, has secured $120 million in funding from over two […]
After halting support for BybBits crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange.
Change The Code, a Greenpeace-backed initiative that seeks to change Bitcoin’s consensus algorithm, has blasted Wall Street companies for the support they are showing to Bitcoin-related activities. On social media, it has called out companies like Fidelity, Blackrock, JPMorgan, and Goldman Sachs, stating their actions propping up climate-destroying technologies are “unacceptable.” Change the Code [...]
The post Change the Code Blasts Wall Street for Propping Up Bitcoin Initiatives appeared first on Crypto Breaking News.
Ripple CEO Brad Garlinghouse recently asserted that former SEC Division of Corporation Finance Director William Hinman “received millions of dollars of payments from his law firm” which had a vested interest in a well-known 2018 speech given by the then SEC official. In other news, crypto exchange EDX has launched backed by Charles Schwab, Citadel [...]
The post Garlinghouse: SEC Official Received ‘Millions’ From Vested Interests, Tradfi Heavyweight Crypto Exchange EDX Launches, Peter Schiff on USD Decline — Week in Review appeared first on Crypto Breaking News.
During the past week, crypto assets increased in value by 9.62%, rising from $1.10 trillion to the current $1.21 trillion. Apart from the listed stablecoins, the top 20 crypto assets by market capitalization all experienced gains this week, as $110 billion was injected into the crypto economy. Crypto Market Surges, Rally Led by Pepe, Stacks, [...]
The post Institutional Interest Fuels Crypto Rally as Market Adds $110 Billion in 7 Days appeared first on Crypto Breaking News.
The recent launch of EDX Markets, a new crypto exchange, in collaboration with prominent investment bodies including Citadel, Fidelity, Charles Schwab, Sequoia Capital, Virtu Financial, and Paradigm, showcases a notable shift in the attitude of top investment entities towards the cryptocurrency industry. This move comes despite the recent regulatory crackdown on cryptocurrencies by US SEC, […]
Amidst the SEC's crackdown on crypto exchanges, financial institutions like Citadel, Fidelity, and Deutsche Bank are jumping in.
Jack and Liv, two Midwestern homesteaders and Bitcoiners, discuss their farm, food health and how Bitcoiners inherently understand symbiosis.
Kenneth C. Griffin, the CEO of US-based hedge fund company Citadel LLC, has slammed the struggling cryptocurrency exchange FTX and
Rising movements to establish free, autonomous jurisdictions around the world are working alongside Bitcoin to establish parallel liberty.
The launch of crypto exchange EDX is the latest evidence Wall Street continues entering the digital asset markets despite the crypto winter. (Read More)
A conglomerate of banking giants and other traditional finance companies, including top Fidelity Digital Assets, Charles Schwab and Citadel Securities, have today announced the launch of a Bitcoin (BTC) and cryptocurrency exchange.
This major crypto news story is about EDX Markets (EDXM), a new crypto platform the companies involved in its development say will be one-of-a-kind exchange whose backers include a group of broker-dealers, venture capital firms and market makers.
Other than Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDXM is also supported by Paradigm, Sequoia Capital and Virtu Financial, according to details shared in a press release.
The group expects many more financial companies to join through future partnerships with EDXM.
A ‘$1 trillion global asset class’As per the announcement, the EDX Markets exchange will offer tighter spreads and benefit from greater liquidity as backed by the above traditional finance players. The platform targets bringing the best-in class crypto offering to the market, with interest in the burgeoning asset class not lost on the legacy firms.
The EDXM’s Board of Directors, which comprises of representatives of the highlighted founding members, commented via a statement:
“Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards.”
Jamil Nazarali, the EDXM Chief Executive Officer (formerly at Citadel Securities as Global Head of Business Development) said the exchange will help drive further adoption of crypto – which he sees as an “important asset class.”
EDX Markets will offer bitcoin and crypto trading for US retail and institutional investors, according to the news release.
Major traditional players warm up to cryptoThe launch of the exchange comes as several traditional banking and investment providers add crypto services and products to cater to growing institutional and retail demand.
In August, and as reported by Invezz, Charles Schwab launched its first crypto exchange-traded fund (ETF). The same month also saw leading global asset manager BlackRock make a move with a partnership with Coinbase (read about it here).
Meanwhile, Fidelity, which launched the digital assets unit in 2018, recently allowed its clients to add Bitcoin to their 401(k) accounts. The company is also reportedly eyeing Bitcoin trading for its brokerage account clients (the firm has some 34.4 million such accounts).
The post Finance giants Fidelity, Citadel Securities and Charles Schwab launch crypto exchange appeared first on Invezz.
The group of financial behemoths is launching a bitcoin and crypto exchange to be settled on-chain with the liquidity backing of legacy finance.
Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm. (Read More)
The new trading platform from Fidelity, Citadel Securities, Virtu Financial and Charles Schwab will enable wide access to bitcoin and other cryptocurrencies.
Click here to read our crypto digest.
Citadel is working with like-minded firms on developing different aspects of the crypto landscape. The consortium plans to build a fair digital asset marketplace by overcoming market limitations and promoting fairness. (Read More)
Ken Griffin, CEO of investment firm Citadel and a famous crypto detractor, seems to have shifted his opinion towards digital currency.
Once a prominent crypto detractor, he seems to have softened his stance on digital currencies, telling Bloomberg in an interview this week that he is still not completely sold on crypto, but his firm cannot ignore the space any longer.
"The crypto market today has a market capitalization of around $2 trillion in round numbers, which shows you that I haven’t been correct on this call" adding that "crypto has been one of the greatest stories in finance over the course over the last 15 years."
Griffin earlier blasted Bitcoin as "a jihadist call" against the dollar.
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Author: Oliver Redding
Seattle Newsdesk / Subscribe to GCP in a reader
Over the next several months, Griffin intends to include crypto assets. The billionaire investor said ETH would ultimately replace Bitcoin.
The post has appeared first on thenewscrypto.com
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