Several major financial players, including Charles Schwab (SCHW), Citadel Securities, and Fidelity Investments, announced the launch of their new crypto exchange known as EDX. This brand-new exchange is described as "a first-of-its-kind" using a design that offers a much safer, quicker, and more efficient experience for users when trading digital assets.
The part that makes EDX genuinely unique is that it will be able to serve retail and institutional investors from several different markets. Additionally, executives from these three financial companies feel that EDX backing will give users extra peace of mind when trading.
The board of directors for EDX Markets released a statement saying, "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."
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