Traditional Finance Giants Charles Schwab, Citadel, Fidelity, and Others Start Crypto Exchange EDX Markets

Crypto 9 13 2022 LearnCrypto Powered By Wyckoff SMI 2024

The exchange will be lead by CEO Jamil Nazarali.

Financial heavyweights Charles Schwab (SCHW), Citadel Securities, and Fidelity Investments (FNF), and others announced the start of crypto exchange EDX Markets, according to a press release on Tuesday.

The new exchange is part of a growing trend of traditional finance companies getting more and more involved with crypto.

The exchange also boast of other high profile backers, such as trading firm Virtu Financial and venture capital giants Sequoia Capital and Paradigm.

“Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards,” EDXM’s board of directors said.

By Parikshit Mishra


Please note that our privacy policyterms of usecookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Related Articles