Fidelity-backed crypto exchange EDXM partners to enhance institutional trading options.

Fidelity-backed crypto exchange EDXM partners to enhance institutional trading options.

Backed by Wall Street Giants and Anticipating Clearhouse: EDX Markets Takes a Unique Approach to Crypto Trading 

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EDX Markets (EDXM) has established itself as a non-custodial crypto exchange with a distinct approach to customer assets. Backed by Wall Street heavyweights such as Fidelity, Citadel, and Schwab, EDXM showcases a unique value proposition in the blockchain industry. This article will explore the partnership between EDXM and Talos, delve into the features that set EDXM apart, and discuss the implications of its upcoming clearinghouse, EDX Clearing.

The Collaboration with Talos: Expanding Trading Capabilities

In a significant milestone for EDXM, it has partnered with Talos, a renowned institutional-grade digital asset trading technology provider. Talos becomes the first Order and Execution Management System (OEMS) to integrate with EDX Markets, further enhancing the exchange’s trading capabilities.

Through this integration, EDXM gains access to over 40 liquidity venues, including top-tier exchanges, OTC desks, custodians, and market makers. This comprehensive array of liquidity venues enriches the trading experience for institutional investors. Additionally, it reinforces EDXM’s reputation as a reliable marketplace, attracting more institutional players to enter the crypto space.

Anton Katz, co-founder, and CEO of Talos, highlighted the significance of the collaboration: “By integrating with our trading technology, EDX Markets expands its reach and enhances its offerings, bringing a secure, efficient, and transparent trading experience to market participants.” This collaboration aligns with the shared mission of driving institutional adoption and bridging the traditional finance and digital assets domains.

By leveraging Talos’ network of services, including its trading platform, lending marketplace, data and analytics, and portfolio and settlement tools, EDXM offers clients an end-to-end transaction experience while minimizing unnecessary intermediary risk and potential conflicts of interest.

Jamil Nazarali, CEO of EDX Markets, emphasized the impact of the collaboration: “This collaboration broadens our range of liquidity options for clients, reinforcing our commitment to delivering a comprehensive and robust trading experience for both traditional financial institutions and crypto-native firms.”

EDX Markets: A Unique Approach to Customer Assets and Clearinghouse Envisioning

EDX Markets sets itself apart from other crypto exchanges, demonstrating a distinctive approach to customer assets. Rather than directly holding users’ digital assets, EDXM conducts transactions through financial intermediaries, resembling trades on the NYSE or NASDAQ. This model provides a clear separation between the exchange and broker-dealer functions, which has received positive responses from regulators.

Furthermore, EDXM anticipates the launch of EDX Clearing, a clearinghouse designed to facilitate trades against a central counterparty. This development aims to improve price competition, reduce settlement risks, and enhance operational efficiencies within the ecosystem. By introducing a clearinghouse, EDXM creates a robust and secure trading environment for its users.

EDX Markets has also recently attracted strategic investors, including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. These firms join the coalition of founding investors, which includes Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial. The additional funding will support EDXM as it advances its trading platform and strengthens its position as a leading player in the crypto industry.

Conclusion

EDX Markets, with its unique approach to customer assets and anticipation of a clearinghouse, presents itself as an innovative and trusted player within the blockchain industry. The collaboration with Talos further enhances its trading capabilities, providing access to a comprehensive array of liquidity venues. As EDXM continues to grow and attract strategic investments, it solidifies its position as a reliable and robust marketplace that offers both traditional financial institutions and crypto-native firms a seamless and transparent trading experience.

Note: This article has been rewritten to provide richer background information, in-depth insights, logical structure, and appropriate explanations of technical terms, ensuring a comprehensive and vivid representation of the blockchain industry and the collaboration between EDX Markets and Talos.