Despite all the gloom and doom about crypto, it looks like Wall Street is finally jumping feet first into the pool.
In August, we had the news that cryptocurrency exchange Coinbase Global (COIN -4.18%) was partnering with asset manager BlackRock (BLK -0.89%) on new crypto trading services for large institutional investors. And now we have a group of Wall Street giants -- including Charles Schwab (SCHW -0.98%), Citadel Securities, and Fidelity Investments -- joining forces on the launch of a cryptocurrency exchange called EDX Markets (EDXM).
Clearly, there is much more untapped demand for crypto products and services. After all, who launches a brand-new cryptocurrency exchange in the middle of a "crypto winter"? EDX Markets is scheduled for a soft launch in November before officially debuting in January. So what does it all mean for Coinbase?
The retail investor base
The potential impact on Coinbase's retail investor base is most worrisome. The exchange has been under tremendous...
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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...