On Tuesday, June 20, EDX Markets, a new crypto exchange, announced the launch of its trading activities. The launch did not go unnoticed in the ecosystem, as the platform enjoyed the support of a consortium of popular institutions in the financial universe. These include Wall Street giants Fidelity Investments, Charles Schwab, and Citadel Securities.

EDX Markets positions itself in the digital asset market

In announcing the start of its operations, EDX Markets informed the public that it had recently begun trading. The exchange claims to offer a better service than the competition thanks to its competitive quotes, liquidity, and unique non-depository model. 

By offering these advantages to its users and incorporating the best practices of traditional finance, the platform is looking to attract crypto market leaders. Jamil Nazarali, EDX CEO, said, “EDX’s ability to attract new investors and partners in the face of contrary industry direction proves the strength of our platform and the creation of a secure and compliant crypto exchange.”

“We are committed to bringing the best of traditional finance to the cryptocurrency markets, with an infrastructure built by market experts to integrate institutional best practices,” he commented.

Currently, the exchange only supports trading for four cryptocurrencies: Bitcoin, Ether, Bitcoin Cash, and Litecoin.

Furthermore, as part of its launch, the platform concluded a new funding round that allowed new strategic investors to join the venture. The companies that have joined the coalition are DV Crypto, Miami International Holdings, Fidelity Investments, Charles Schwab, Virtu Financial, and Sequoia Capital.

The funds raised will be used to continuously develop the platform and improve its leadership in the sector.