EDX Markets Endorsed by Wall Street Giants Goes Live as a “Non-Custodial” and Institutional-Only Crypto Exchange. EDX Markets starts operations as a distinctive crypto exchange that only supports institutions through authentic intermediaries. According to Bloomberg, EDX Markets has set the ball rolling as a “non-custodial” and institutional-only platform that permits trading of Litecoin (LTC), Ethereum […] The post EDX Markets, A Crypto Exchange Endorsed by Wall Street Giants Goes Live first appeared on The Crypto Basic.

EDX Markets, A Crypto Exchange Endorsed by Wall Street Giants Goes Live

EDX Markets Endorsed by Wall Street Giants Goes Live as a “Non-Custodial” and Institutional-Only Crypto Exchange. EDX Markets starts operations as a distinctive crypto exchange that only supports institutions through authentic intermediaries. According to Bloomberg, EDX Markets has set the ball rolling as a “non-custodial” and institutional-only platform that permits trading of Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC). In September last year, EDX revealed that it was taking the “non-custodial” route. With the backing of financial giants, such as Charles Schwab Corp, Fidelity Digital Assets, and Citadel Securities, EDX seeks to revamp the crypto sector as a first-of-its-kind exchange by using a third party whenever trading occurs. As a result, EDX will not directly hold users’ crypto investments, according to Jamil Nazarali, the firm’s CEO. To adhere to regulatory specifications that crypto exchanges shouldn’t carry dealer and broker activities, Nazarali pointed out, “We believe crypto is here to stay, but for it to evolve as an asset class, it needs to adopt the rules and investor protections that exist in traditional finance.” The United States Securities and Exchange Commission (SEC) has been on the offensive criticizing Coinbase and Binance for operating as clearinghouses, brokers, and unregistered...

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