EDX Markets, a digital asset marketplace supported by prominent companies such as Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Sequoia Capital, has successfully launched its innovative platform and completed an investment round with new equity partners. The platform aims to address the rising demand for digital asset trading in a secure and compliant manner through trusted intermediaries.
Aiming to be the Crypto Marketplace of Choice
EDX aims to become the preferred crypto marketplace for industry leaders by offering distinctive benefits such as liquidity, competitive quotes, and a unique, non-custodial model. To cater to retail investors, EDX offers retail-only quotes, providing better pricing for retail-originated orders. The exchange currently supports trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
EDX Clearing to Launch in 2023
EDX plans to launch ‘EDX Clearing’ in 2023 to settle trades matched on its platform. The clearinghouse will facilitate trades against a central counterparty, allowing its participants to benefit from enhanced price competition, reduced settlement risks, and improved operational efficiencies. This development is expected to set EDX apart from other platforms by meeting an unmet need in the market.
New Funding Secured
EDX has also announced the closing of its latest funding round, which included contributions from International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. The new funding will support EDX in further developing its trading platform and consolidating its market leadership position.
Enabling a Liquid Cryptocurrency Ecosystem
EDX’s new exchange is purpose-built to enable a highly liquid cryptocurrency ecosystem by aggregating liquidity from multiple market makers, thereby reducing spreads and improving transparency. This commitment to price discovery and efficiency is expected to result in better prices for investors compared to current cryptocurrency exchanges.
