A crypto exchange backed by Schwab, Fidelity and Citadel has officially launched trading in four crypto assets.
" – many of which remain crypto curious but skeptical of centralized crypto services providers, if not because of the failures of many in 2022 then because of the regulatory uncertainty the remaining players now find themselves in.
To quell any fears about misuse of funds, EDX plans to operate as a "non-custodial" exchange, meaning that rather than handling customer assets directly it will act as a platform on which a network of firms can execute and settle trades between crypto assets and fiat currencies. EDX also has plans to launch a clearinghouse business this year to facilitate the settlement process but will still keep customer assets held at third-party banks and a crypto custodian.
The company is set to announce Tuesday that it has closed a second funding round with new investors, including the options-exchange operator Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR and Hudson River Trading.
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