Date: 2023-06-21T15:47:42Z Creator: Bitfolio Academy
Big news! Yesterday, a new US-based crypto exchange, EDX Markets, launched with plenty of fanfare. Backed by some of the biggest names in finance — Fidelity, Charles Schwab and Citadel — this revolutionary exchange promises to shake up the crypto-trading landscape. Unlike other exchanges, EDX does not custody customers’ digital assets, instead requiring users to go through intermediaries or brokers for trading and custody of assets — much like the traditional stock market. The SEC will be happy that the EDX Exchange is setting a higher standard by separating the exchange from the broker. So, you do not have to trust the exchange; rather, you just have to trust Citadel, Charles Schwab or Fidelity. Will EDX Markets revolutionize the way you do crypto-trading? Time will tell.
Let me know in the comments. 🤔
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