Yesterday EDX Markets, the institution backed crypto exchange, announced it had started trading and has received additional funding. It was unveiled last September with backing from Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, Virtu Financial and others.
At the time it claimed a key differentiator was access via a traditional broker-dealer rather than a crypto exchange. With the collapse of FTX, now it emphasizes a non-custodial model designed to mitigate conflicts of interest.
The announcement states that “EDX also introduced a retail-only quote to the crypto markets, allowing participants the benefit of better pricing for retail-originated orders.”
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