With more institutions becoming more involved in offering cryptocurrency to their big clients, a new crypto exchange assembled by Wall Street heavyweights wants to bring traditional finance into digital asset trading – by using intermediaries.
Jamil Nazarali, CEO of crypto exchange EDX Markets, told CoinDesk TV’s “First Mover” on Tuesday that his exchange is bringing “the best practices from traditional finance” into the world of crypto, claiming it will make digital asset trading “safer, faster [and] more efficient” while driving down costs.
The exchange, which will serve institutional accounts, is backed by a handful of financial titans including Charles Schwab (SCHW), Fidelity Digital Assets and Citadel Securities, where Nazarali previously served as former senior executive.
“Investors in the EDX Markets are industry leaders and they are long-term players, so they’re not investing to make a quick buck,” Nazarali said. “They’re trying to invest to build the infrastructure for the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...