A group of financial behemoths have partnered to launch a bitcoin and cryptocurrency exchange.
Among the participants are Fidelity, Citadel Securities and Charles Schwab.
Transactions will be settled on-chain at low-cost.
A coalition of financial titans including Charles Schwab, Citadel Securities, and Fidelity Digital Assets have launched a bitcoin and cryptocurrency exchange, per a press release.
EDX Markets (EDXM) is meant to serve as a powerhouse exchange backed by the liquidity of legacy financial institutions. Other notable contributors in the venture include Paradigm, Sequoia Capital and Virtu Financial, as Bitcoin Magazine previously reported.
“We look forward to welcoming additional participants to the exchange, which will drive ongoing trading in this important asset class while creating a virtuous cycle of continually enhanced liquidity and efficiency supported by MEMX’s cutting-edge technology,” said Jamil Nazarali, CEO of EDX Markets and former global head of business...
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