Now that Binance and others are facing many lawsuits, traditional finance players from wallstreet are moving in to capture migrating investors. One of them is EDX Markets…
What is EDX Markets?
EDX Markets is a newly launched non-custodial crypto exchange that has been created through a collaboration between industry leaders such as Citadel, Fidelity, Charles Schwab, Sequoia Capital, Virtu Financial, and Paradigm. The exchange aims to deliver enhanced liquidity, competitive quotes, and a unique non-custodial model that addresses conflicts of interest.
What is the non-custodial model of EDX Markets?
EDX Markets operates as a marketplace where customer assets are not directly handled. Instead, participating firms utilize the services of EDX to establish trade prices. The exchange functions as an intermediary platform that facilitates transactions between parties, offering a distinct setup for trade execution. This non-custodial model aims to address conflicts of interest and provide a safer and more compliant cryptocurrency market.
What cryptocurrencies can be traded on EDX Markets?
As of now, EDX Markets provides trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. However, the exchange has plans to expand its offering in the future.