EDX Markets Debuts Cryptocurrency Trading Platform and Wraps Up Latest Investment Round

In a key milestone, EDX Markets has efficiently kick-started its cryptocurrency buying and selling operations and accomplished a contemporary funding spherical. Based in Hoboken, New Jersey, EDX has been established as a trusted market for digital belongings, selling secure and compliant buying and selling by way of dependable intermediaries.

EDX has garnered the eye of main monetary establishments, changing into the popular cryptocurrency market for trade leaders. The platform stands out with its non-custodial mannequin designed to stop conflicts of curiosity. It additionally affords advantages like enhanced liquidity, aggressive quotes, and a retail-only quote, giving retail-originated orders a greater pricing benefit. Currently, EDX helps the buying and selling of well-known cryptocurrencies (primarily POW), together with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Another milestone is on the horizon for EDX. Later this yr, it plans to launch a clearinghouse, EDX Clearing, which can settle trades matched on EDX Markets. The clearinghouse will operate as a central counterparty for trades, decreasing settlement dangers, selling worth competitors, and rising operational effectivity.

The launch of EDX and the forthcoming EDX Clearing comes on the heels of a profitable new funding spherical. The spherical noticed participation from strategic traders akin to Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. These companies be part of the platform’s founding traders, together with heavyweights like Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial. The newly secured funding will bolster the continuing growth of EDX’s buying and selling platform and strengthen its market management place.

Jamil Nazarali, CEO of EDX, expressed his confidence within the platform’s potential and its means to draw traders. He harassed EDX’s dedication to incorporating the very best practices from conventional finance into the cryptocurrency market and hinted on the important edge EDX Clearing will present by bettering competitors and operational effectivity.

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