EDX Markets Launches Noncustodial Crypto Exchange Owned by the Biggest Names

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“With the approval of our growing new list of investors and clients, we are proud to launch trading and look forward to further enhancements to our offering. Going forward, EDX Clearing will be a major differentiator for EDX – and will address an unmet need in the marketplace by enhancing competition and creating unparalleled operational efficiency through a single settlement process.

EDX Markets, a crypto exchange owned by some of the biggest names in the industry – such as Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital and Virtu Financial – has launched its digital asset market and closed a investment round with new financial partners.

The company closed a new funding round which welcomed additional strategic investors including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD and HRT Technology. The new funding will support EDX as it continues to develop its trading platform and solidify its market-leading position.

Non-custodial model designed to mitigate conflicts of interest

EDX has opened up trading as the crypto market of choice for industry leaders and leverages the best practices of traditional finance to provide clients with distinctive benefits including liquidity, competitive pricing, and a model non-custodial designed to mitigate conflicts of interest.

EDX has also introduced retail-only listing in the crypto markets, allowing participants to benefit from better pricing for orders from retail customers. Commodities traded on EDX include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Jamil Nazarali, CEO of EDX, said: EDX’s ability to attract new investors and partners in the face of industry headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market. We are committed to bringing the best of traditional finance to the cryptocurrency markets, with an infrastructure built by market experts to incorporate key institutional best practices.

“With the approval of our growing new list of investors and clients, we are proud to launch trading and look forward to further enhancements to our offering. Going forward, EDX Clearing will be a major differentiator for EDX – and will address an unmet need in the marketplace by enhancing competition and creating unparalleled operational efficiency through a single settlement process.

The company also said it will launch EDX Clearing later this year to settle matched trades on EDX markets. The clearing house will facilitate transactions against a central counterparty, allowing participants to benefit from increased price competition and reduced settlement risks, while increasing operational efficiency.

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