EDX Markets was mentioned in a CoinDesk opinion piece. Read the snippet on EDX Markets below and read the full article here.

Leveraging limitations

Earlier this summer, EDX Markets made waves when it launched in the United States, making it the closest thing to a bank-backed exchange state-side. Backed by financial heavyweights such as Charles Schwab, Citadel Securities and Fidelity Digital Assets, it looked to bridge the gap between financial institutions and digital asset natives.

Despite the mounting regulatory scrutiny from the U.S. Securities and Exchange Commission for the past year, the emergence of EDX Markets served as a bright spot amid all the enforcement actions that have taken place in the past year.

See also: Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches

But until the dynamic shifts such that these bank-backed venues are in a position to accept retail players, my hunch is that the market will stay as is. These developments are less about operational choices and more to do with overcoming regulatory roadblocks.

Now, more than ever before, safety and trust are integral to crypto. However, purely leaning on the reputation of the traditional banking industry shouldn’t be the only solution. Blockchain is inherently the right technology to build a financial system that is less reliant on the morality and management of individuals, and we’re slowly seeing its benefits reemerge as the dust settles after a tumultuous year of industry scrutiny.

Exchanges built for crypto-native investors still have the edge over the latecomers. And if we’re all after a similar slice of the pie, the banks will need to get in line.