Crypto Exchange Backed by Citadel Securities, Fidelity Goes Live

A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it’s gone live, a move that could reshape the digital-asset landscape amid heightened US scrutiny of the sector. EDX Markets, an institutional-only exchange announced in September 2022, will offer trading in four cryptocurrencies. Instead, EDX is working with a third-party custodian, according to Chief Executive Officer Jamil Nazarali. Already backed by companies including Paradigm, Sequoia Capital and Virtu Financial Inc., EDX raised new funding through additional investors.

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