A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it’s gone live, a move that could reshape the digital-asset landscape amid heightened US scrutiny of the sector.
EDX Markets, an institutional-only exchange announced in September 2022, will offer trading in four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Unlike existing crypto platforms such as Coinbase Global Inc. and Binance Holdings Ltd., it offers a “non-custodial” model, meaning that it doesn’t hold clients’ digital assets during trading. Instead, EDX is working with a third-party custodian, according to Chief Executive Officer Jamil Nazarali.
