- New crypto exchange backed by Citadel Securities, Fidelity and Charles Schwab has started operations.
- EDX Markets won't directly handle customers' digital assets or serve individual investors.
- EDX will offer trading in just four cryptocurrencies - bitcoin, ethereum, litecoin and bitcoin cash.
- EDX runs a marketplace where firms agree to execute trades of coins and dollars.
- EDX plans to launch a clearinghouse to facilitate the process of settling trades, but it plans to use third-party banks and a crypto custodian to hold customer assets.
Crypto Exchange Backed by Citadel Securities, Fidelity, Schwab Starts Operations
EDX Markets won’t directly handle customers’ digital assets or directly serve individual investors
Alexander Osipovich
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