4 ms·
Paywalled. Here is another related article: https://cryptoslate.com/edx-markets-the-institutional-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches
by dpflan 3y ago
Paywalled. Here is another related article: https://cryptoslate.com/edx-markets-the-institutional-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches-today/ https://cryptoslate.com/edx-markets-the-institutional-crypto...
"""
EDX Markets, a non-custodial cryptocurrency exchange backed by Citadel Securities, Fidelity Investments, and Charles Schwab, is live as of today, June 20.
EDX differentiates itself from traditional crypto exchanges by not directly catering to retail investors as it focuses on institutional traders. Additionally, trading access is via API and does not offer a front-end or trading graphical user interface.
WSJ reported that it relies on retail brokerages to route investors’ transaction orders for cryptocurrencies to its marketplace.
EDX Chief Executive Jamil Nazarali reportedly said FTX’s failure had heightened demand for crypto exchanges that do not possess the inherent conflict of interest associated with storing customer funds.
"""
EDX CEO's comment on FTX is pretty funny; so customer don't want a fraudulent system, makes sense...
So, any institutional investors out there who would care to comment on the interest level on this? What's the goal? Surely, Wall St. loves an opportunity to make money...