{"id":21707,"date":"2023-06-20T18:41:42","date_gmt":"2023-06-20T18:41:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/schwab-backed-crypto-exchange-edx-markets-goes-live\/"},"modified":"2023-06-20T18:41:42","modified_gmt":"2023-06-20T18:41:42","slug":"schwab-backed-crypto-exchange-edx-markets-goes-live","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/schwab-backed-crypto-exchange-edx-markets-goes-live\/","title":{"rendered":"Schwab-backed crypto exchange EDX Markets goes live"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/194077671_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/194077671_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/194077671_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/194077671_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>EDX officially launched trading in bitcoin, ether, litecoin, and bitcoin cash today.<\/li>\n<li>The crypto exchange has also completed a second funding round with new investors.<\/li>\n<li>EDX has plans of launching a clearinghouse business later this year as well.<\/li>\n<\/ul>\n<p>Investors can now trade <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">bitcoin<\/a>, litecoin, <a href=\"https:\/\/coinjournal.net\/news\/tag\/ethereum\/\">ether<\/a>, and bitcoin cash on a new digital assets marketplace \u2013 EDX Markets.<\/p>\n<h2>EDX Markets is backed by financial giants<\/h2>\n<p>On Tuesday, the crypto exchange that has support from a bunch of Wall Street behemoths, including Fidelity, Charles Schwab and Citadel Securities launched trading in the said digital assets.<\/p>\n<p>EDX Markets had first revealed plans of launching a non-custodial exchange last year in September. In a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230620110605\/en\/Digital-Asset-Platform-EDX-Markets-Begins-Trading-and-Completes-New-Funding-Round\" target=\"_blank\" rel=\"noopener\">press release<\/a> this morning, its CEO Jamil Nazarali said:<\/p>\n<blockquote>\n<p>EDX\u2019s ability to attract new investors and partners in the face of sector headwinds demonstrates strength of our platform and demand for a safe and compliant crypto market.<\/p>\n<\/blockquote>\n<p>It is noteworthy that neither of the four crypto assets available to trade on EDX were dubbed \u201csecurities\u201d in the recent complaints the U.S. SEC has filed against <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-101\" target=\"_blank\" rel=\"noopener\">Binance<\/a> and <a href=\"https:\/\/edition.cnn.com\/2023\/06\/06\/investing\/coinbase-sec-lawsuit\/index.html\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a>.<\/p>\n<h2>EDX will soon launch a clearinghouse business<\/h2>\n<p>In its press release, EDX Markets also confirmed today that it has completed a second round of funding with new investors. CEO Nazarali added:<\/p>\n<blockquote>\n<p>We are committed to bringing the best of traditional finance to cryptocurrency markets, with an infrastructure built by market experts to embed key institutional best practices.<\/p>\n<\/blockquote>\n<p>A non-custodial crypto exchange is known to be safer than the custodial wallet. On Tuesday, EDX Markets revealed plans of introducing a clearinghouse business in the coming months as well.<\/p>\n<p>The news arrives only days after BlackRock officially filed to launch a Spot Bitcoin ETF in the United States (<a href=\"https:\/\/coinjournal.net\/news\/should-exchanges-fear-a-blackrock-etf\/\">read more<\/a>), suggesting the long-term institutional demand remains intact despite the FTX fiasco and the ongoing regulatory crackdown.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/new-crypto-exchange-edx-markets-goes-live\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) EDX officially launched trading in bitcoin, ether, litecoin, and bitcoin cash today. The crypto exchange has also completed a second funding round with new investors. EDX has plans of launching a clearinghouse business later this year as well. Investors can now trade bitcoin, [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":21708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21707"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21707"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21708"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}