EDX Markets, an institutional crypto exchange launched in June 2023, has announced a partnership with Anchorage Digital Bank to provide a secure custody service for its upcoming clearinghouse division, EDX Clearing. The partnership aims to bridge traditional finance market structures with the digital asset ecosystem. EDX Markets is backed by a consortium of major financial institutions, including Citadel Securities, Fidelity Digital Assets, Virtu Financial, Charles Schwab, Sequoia, Paradigm, and more.EDX Clearing is designed to settle trades that are matched on the main EDX platform, streamlining the settlement process and promoting capital and operational efficiency. Anchorage Digital Bank will serve as the custodial entity for the assets traded, ensuring a secure foundation for EDX exchange members. Anchorage Digital offers a wide range of services, including secure custody, regulatory compliance, and platform capabilities. EDX Markets is seeking to position itself as a digital asset marketplace tailored to both crypto-native firms and top financial institutions.
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 10 |
| People | Jamil Nazarali, Diogo Mónica, Citadel Securities, Fidelity Digital Assets, Charles Schwab, Sequoia, Paradigm. |
| Currencies | None |
| Securities | None |
