Charles Schwab, Citadel Securities, Fidelity and Virtu Financial have teamed up to launch one exchange of digital assets. baptized EDX marketsthe platform will offer “safer, faster and more efficient” trading, according to the announcement.
Tuesday, several Wall Street heavyweights and two major VCs familiar with the crypto ecosystem has announced the launch of Digital Asset Exchange EDX Marketsa trading platform for digital assets and cryptocurrencies such as Bitcoin.
Specialists in trading and asset management Charles Schwab, Citadel Securities, Fidelity investment (through its subsidiary Fidelity Digital Assets) and Virtu Financial launched the platform in collaboration with venture capital firms Paradigm and Sequoia capitalwhich invested in Citadel earlier this year.
This summer we learned that Jamil Nazaralihead of business development at Citadel Securities, left his position to lead efforts in the new joint venture created by Citadel, Virtu, Schwab and Fidelity.
It is a privilege to lead EDXM as we build this exciting new business ecosystem, and I am grateful for the participation, support and guidance of our group members. We look forward to welcoming additional participants to the exchange who will drive continued trading in this important asset class while creating a virtuous cycle of continuously improved liquidity and efficiency, supported by MEMX’s advanced technology. ”, Nazarali commented in a statement released on Tuesday.
MEMXa customer-centric market operator, will thus deliver technological infrastructure of the digital asset exchange.
With EDX marketswishes the consortium to meet the needs of retail and institutional investors with ” high compliance and safety standards at the same time as technological and organizational bottlenecks are eliminated.
Earlier this year, Citadel founder, Ken Griffindid a complete turnaround on cryptoassets which it compared to the tulip earlier.
At the start of the week WSJ reported it Fidelity planned to allow its retail customers to trade digital coins.
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