New Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

One factor that separates EDX Markets from different crypto exchanges is that it doesn’t custody clients’ digital property. As a substitute, customers should undergo monetary intermediaries to purchase and promote crypto property, much like how trades are executed on the New York Inventory Exchange (NYSE) or the Nasdaq (NASDAQ). Regulators just like the completely different strategy, Nazarali mentioned, as a result of they suppose it’s essential that there’s separation between the alternate operate and the dealer supplier operate.