HOBOKEN, N.J. – EDX Markets (EDX), a groundbreaking digital asset marketplace facilitating safe and compliant trading through trusted intermediaries, announced today the successful launch of its digital asset market. Additionally, the company has completed an investment round with new equity partners, further strengthening its position in the industry.
Backed by a consortium of prominent financial institutions, EDX has emerged as the preferred crypto marketplace for industry leaders. Leveraging best practices from traditional finance, EDX offers customers distinct advantages, including liquidity, competitive quotes, and a unique non-custodial model designed to mitigate conflicts of interest. Notably, EDX introduced a retail-only quote feature to the crypto markets, enabling participants to benefit from improved pricing for retail-originated orders. The platform supports trading of popular digital assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Later this year, EDX will unveil EDX Clearing, a clearinghouse that will settle trades matched on the EDX Markets platform. This clearing process will enable trades against a central counterparty, enhancing price competition, reducing settlement risks, and improving operational efficiencies for participants.
The recent launch of EDX and the forthcoming EDX Clearing announcement coincide with the completion of a new funding round that welcomed strategic investors, including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. These firms join an esteemed group of founding investors, including Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial. The additional funding will enable EDX to further enhance its trading platform and solidify its leadership position in the market.
Jamil Nazarali, CEO of EDX, commented, “EDX’s ability to attract new investors and partners in the face of industry challenges underscores the strength of our platform and the demand for a safe and compliant cryptocurrency market. We are dedicated to bringing the best of traditional finance to cryptocurrency markets, utilizing the expertise of market professionals to embed institutional best practices. With the support of our expanding list of investors and customers, we are proud to launch trading and look forward to ongoing improvements to our offering. Looking ahead, EDX Clearing will be a significant differentiator, addressing an unmet market need by enhancing competition and delivering unparalleled operational efficiency through a streamlined settlement process.”
EDX’s successful market launch and the addition of new equity partners highlight the platform’s growing prominence and industry recognition. By prioritizing safety, compliance, and institutional best practices, EDX is poised to play a pivotal role in the continued evolution of the cryptocurrency market.