Fidelity and Citadel-backed EDX Markets launches its digital asset marketplace Bitcoin BTC Ethereum
- EDX Markets , a digital asset marketplace backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, has announced the successful launch of its digital asset market and the completion of an investment round with new equity partners.
To help separate retail investors from the institutional crowd, EDX offers retail-only quotes, which allows participants “the benefit of better pricing for retail-originated orders.” The exchange currently offers access to Bitcoin , Ethereum , Litecoin and Bitcoin Cash . In addition to the launch of EDX Markets, the company announced the closing of its latest funding round, which included investments from International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology.
The board of directors at EDX previously stated that its reason for launching the new exchange stems from the fact that “Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards.”
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