EDX Markets, the pioneer in providing safe and compliant digital asset trading through trusted intermediaries, made headlines today with its launch and completion of a new investment round.
This FinTech firm has successfully secured new funding with the strategic participation of Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. These firms join an impressive ensemble of founding investors, which includes Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial.
EDX Markets operates as a unique digital asset marketplace, bridging the gap between traditional finance and the new world of cryptocurrency. As a trailblazer, it has become the crypto marketplace of choice for industry leaders. EDX offers customers numerous benefits including liquidity, competitive quotes, and a unique, non-custodial model designed to mitigate conflicts of interest. The company currently trades Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
The fresh investment will be channelled into accelerating the platform’s development and expanding its market presence. Later this year, EDX is set to introduce EDX Clearing to settle trades matched on EDX Markets. The clearinghouse is aimed at enhancing price competition, reducing settlement risks and increasing operational efficiencies for participants.
EDX Markets, already backed by a consortium of major financial institutions, now looks forward to bolstering its market leadership position with the help of its new strategic investors. The firm also plans to introduce a retail-only quote to the crypto markets, a move designed to provide participants with better pricing for retail-originated orders.
EDX CEO Jamil Nazarali stated, “EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market.
“With the endorsement of our new and growing list of investors and customers, we’re proud to launch trading and look forward to further enhancements to our offering. Looking ahead, EDX Clearing will be a major differentiator for EDX — and resolve an unmet need in the market – by enhancing competition and creating unparalleled operational efficiency through a single settlement process.”
Previously, the company was backed by founding investors including Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial. This new funding round marks yet another significant milestone in EDX’s journey towards revolutionising the digital asset marketplace.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
