Finance giants Fidelity, Citadel Securities and Charles Schwab launch crypto exchange

Finance giants Fidelity, Citadel Securities and Charles Schwab launch crypto exchange
фото показано с : invezz.com

2022-9-14 01:38

A conglomerate of banking giants and other traditional finance companies, including top Fidelity Digital Assets, Charles Schwab and Citadel Securities, have today announced the launch of a Bitcoin (BTC) and cryptocurrency exchange.

This major crypto news story is about EDX Markets (EDXM), a new crypto platform the companies involved in its development say will be one-of-a-kind exchange whose backers include a group of broker-dealers, venture capital firms and market makers.

Other than Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDXM is also supported by Paradigm, Sequoia Capital and Virtu Financial, according to details shared in a press release.

The group expects many more financial companies to join through future partnerships with EDXM.

A ‘$1 trillion global asset class’

As per the announcement, the EDX Markets exchange will offer tighter spreads and benefit from greater liquidity as backed by the above traditional finance players. The platform targets bringing the best-in class crypto offering to the market, with interest in the burgeoning asset class not lost on the legacy firms.

The EDXM’s Board of Directors, which comprises of representatives of the highlighted founding members, commented via a statement:

“Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards.”

Jamil Nazarali, the EDXM Chief Executive Officer (formerly at Citadel Securities as Global Head of Business Development) said the exchange will help drive further adoption of crypto – which he sees as an “important asset class.”

EDX Markets will offer bitcoin and crypto trading for US retail and institutional investors, according to the news release.

Major traditional players warm up to crypto

The launch of the exchange comes as several traditional banking and investment providers add crypto services and products to cater to growing institutional and retail demand.

In August, and as reported by Invezz, Charles Schwab launched its first crypto exchange-traded fund (ETF). The same month also saw leading global asset manager BlackRock make a move with a partnership with Coinbase (read about it here).

Meanwhile, Fidelity, which launched the digital assets unit in 2018, recently allowed its clients to add Bitcoin to their 401(k) accounts. The company is also reportedly eyeing Bitcoin trading for its brokerage account clients (the firm has some 34.4 million such accounts).

The post Finance giants Fidelity, Citadel Securities and Charles Schwab launch crypto exchange appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Fidelity Token (FDT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 3541
Доступно / Всего 0 FDT / 20m FDT

launch exchange finance charles schwab giants fidelity

launch exchange → Результатов: 126


Фото:

BTCC Relaunch Suggests Exchange Will Create Binance-Style Token

Chinese-owned cryptocurrency exchange BTCC has formally announced the relaunch of its platform while hinting it will launch an internal token. BTCC Token Will Be ‘Fully Convertible’ In a release on July 2, BTCC — which is among the longest-running exchanges both in China and the world — revealed basic details about its token and plans to progressively introduce new trading pairs.

2018-7-2 18:00


Pearl Pay ICO

Pearl Pay is a Virtual Money Logistics System that provides worldclass and yet affordable mobile wallet white-label service for rural banks. Using the latest technology, Pearl Pay will allow rural banks to launch their own virtual prepaid mobile wallet as fast as 30 days.

2018-7-2 17:20


Coineal (NEAL) & Spectra To Build A ‘Different Crypto Trading’ Exchange June 30

Coineal And Spectra Collaborate To Build A ‘Rocket Launch Center’ For Virtual Properties Coineal, the famous exchange platform has overcome all odds to bring out yet another innovation. The exchange platform has predicted that the income from the first-class mining account will range from 50,000 to 150,000 yuan for daily transactions. Additionally, revenue from second-class […]

2018-6-30 01:25


Japanese Chat App Juggernaut Line Set to Launch Crypto Exchange

Line, the second-largest chat messaging app in Southeast Asia and the most popular chat service in Japan, announced the impending launch of a new cryptocurrency exchange called BitBox. The new exchange, scheduled to go live in July 2018, follows an announcement issued in January by the chat giant heralding the creation of a new financial […] The post Japanese Chat App Juggernaut Line Set to Launch Crypto Exchange appeared first on CryptoSlate.

2018-6-29 14:00


Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto

Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. As Cointelegraph reported in January, LINE had been in talks with Japanese regulators over launching an exchange.

2018-6-28 16:00


Фото:

Japan’s Biggest Social Network to Launch Cryptocurrency Exchange

Japan’s biggest social network LINE will launch a cryptocurrency exchange under a Singapore-based subsidiary in July — but will exclude Japanese and, initially, US users. ‘In Compliance With Rules And Regulations’ A press release issued June 28 confirms the move, which follows debates with Japanese regulators stretching back to January this year.

2018-6-28 15:00