Wall Street giants unveil crypto-trading platform

Charles Schwab, Citadel Securities, Fidelity and Virtu Financial have joined forces to launch a digital asset exchange. baptized EDX Marketsthe platform will offer “safer, faster and more efficient” trading, according to the announcement.

Tuesday, several Wall Street heavyweights and two great VCs familiar with the crypto ecosystem have announced the launch of the Digital Asset Exchange EDX Marketsa trading platform for digital assets and cryptocurrencies like Bitcoin.

Specialists in trading and asset management Charles Schwab, Citadel Securities, Fidelity Investment (through its subsidiary Fidelity Digital Assets) and Virtu Financial launched the platform in partnership with venture capital firms Paradigm and Sequoia Capitalwhich invested in Citadel earlier this year.

This summer, we learned that Jamil Nazaralithe head of business development at Citadel Securities, was leaving his post to lead the efforts of the new joint venture created by Citadel, Virtu, Schwab and Fidelity.

It is a privilege to lead EDXM as we build this exciting new business ecosystem, and I am grateful for the participation, support and guidance of our group members. We look forward to welcoming additional participants to the exchange, which will drive continued trading in this important asset class while creating a virtuous cycle of continuously improved liquidity and efficiency, underpinned by MEMX’s cutting-edge technology. ,” Nazarali commented in a statement released on Tuesday.

MEMXa customer-centric market operator, will thus provide technological infrastructure of the digital asset exchange.

With EDX Marketsthe consortium wants to meet the needs of retail and institutional investors with “ high compliance and security standards while eliminating technological and organizational bottlenecks.

Earlier this year, Citadel founder, Ken Griffinwas making a complete turnaround on crypto-assets, which it compared to the tulip in the past.

At the start of the week, the WSJ reported that Fidelity planned to allow its retail clients to trade digital coins.

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