Fidelity Digital Assets, Charles Schwab and Citadel Securities have just announced the launch of EDX Markets (EDXM), a cryptocurrency exchange.
According to the announcement, Paradigm, Sequoia Capital and Virtu Financial have also taken part in the creation of the exchange. In addition, the platform is expected to partner with other market players in the future.
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The goal of the platform is to "meet the latent demand for digital asset trading through trusted intermediaries" while ensuring security and compliance.
According to the platform:
"EDXM will enable a highly liquid cryptocurrency ecosystem that aggregates liquidity from multiple market makers to reduce spreads and improve transparency."
As a result, the platform will set prices better than other trading platforms in the market.