EDX Markets, a new cryptocurrency exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab, has quietly entered the market, aiming to attract brokers and investors interested in digital assets. The exchange, which has yet to announce its official launch, operates in a noncustodial capacity, meaning it does not handle customers’ digital assets directly. Instead, it serves as a marketplace where firms can execute trades. This eliminates the risk of bank-run style failings that the industry witnessed in 2022 with FTX, Celsius and others. The development comes just as American exchange Coinbase and worldwide exchange Binance face lawsuits from the
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Author: coinmaker