The launch of EDX Markets (EDXM), a first-of-its-kind exchange that will enable “safe and compliant trading of digital assets through trusted intermediaries”, was announced today by a group of top broker-dealers, international market makers, and venture capital firms.
The new platform claims to combine “proven technology with the best of traditional financial markets”.
While EDX is an independent organization, it has secured the backing of high-profile investors including Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Sequoia Capital.
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.
EDXM Board of Directors
The technology infrastructure for EDXM will be provided by MEMX.