New crypto exchange EDX backed by Citadel Securities, Fidelity, Schwab starts operation

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New crypto exchange EDX backed by Citadel Securities, Fidelity, Schwab starts operation
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A new crypto exchange backed by several Wall Street heavyweights such as Charles Schwab , Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia...

A new crypto exchange backed by several Wall Street heavyweights such as Charles SchwabSCHW, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial, has started operation.

EDX... A new crypto exchange backed by several Wall Street heavyweights such as Charles Schwab SCHW , Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial, has started operation. EDX is a “noncustodial” exchange, meaning it doesn’t directly handle its customers’ digital assets, the Wall Street Journal reported. Instead, EDX runs a marketplace where firms agree to execute trades of coins and dollars, using its platform to agree on prices. Then the firms move crypto and cash between each other to settle the trades.

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