Even though cryptocurrency is a bit down, there are still people moving around to buy, sell, and trade in the space, and it looks like we’ll soon have another platform to trade digital assets. Citadel, Schwab, Fidelity, Virtu and other brokers have formed a global consortium to launch EDX Markets, which will act as a new platform on which to trade cryptocurrencies and other digital assets in a supposedly safe, efficient environment. and trustworthy.
Citadel, Schwab and the rest of the consortium behind EDX Markets announced its launch in a press release on Business Wire on November 17, 2022. The group aims to make EDX Markets a “first-of-its-kind exchange that will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries.With the support of some of the world’s largest market makers in the stock market, EDX Markets is supposed to be a safer and cheaper way to buy and trade cryptocurrencies compared to current exchanges.
Former Citadel Securities Global Head of Business Development, Jamil Nazarali, will serve as Managing Director of EDXM and was pleased to share the announcement of the platform with a statement:
It’s interesting to see another cryptocurrency exchange pop up, especially following last week when another major crypto exchange, FTX, just filed for Chapter 11 bankruptcy. Nonetheless, with EDX Markets backed by such big players in investments and the stock market, this may be a little better than most crypto companies that seemingly collapsed overnight or lost millions of dollars quickly. As EDX Markets launches, stay tuned for more updates and news on cryptocurrency and the NFT space.