EDX Markets
 | |
| Company type | Private |
|---|---|
| Founded | 2022 |
| Headquarters | , United States |
Key people | Jamil Nazarali (CEO) |
| Products | Bitcoin, Ethereum, Litecoin |
| Website | edxmarkets |
EDX Markets is an institutional cryptocurrency exchange owned by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial and Sequoia among others.[1][2][3] The exchange offers trading in bitcoin, Ethereum, Litecoin, and Bitcoin Cash.[4][5][6] EDX offers a non-custodial model, meaning that it does not hold clients' digital assets.[7][4] The exchange began processing trades in June 2023.[8]
The company's CEO, Jamil Nazarali, was formerly global head of business development at Citadel Securities.[9][10]
History
[edit]EDX Markets was founded in 2022.[11]
In 2023, the company launched EDX Clearing, a central clearinghouse for trades.[12]
Funding
[edit]In January 2024, EDX completed their series B round of funding led by Pantera Capital and Sequoia Capital, for an undisclosed amount.[13] The company plans to use the funding to expand outside of the US.[13]
See also
[edit]References
[edit]- ^ "Crypto exchange EDX Markets launches with institutional backing". Axios. Retrieved 30 June 2023.
- ^ "Citadel Securities-Backed Crypto Exchange EDX Drops Paxos for Anchorage". Bloomberg News. Retrieved 30 June 2023.(subscription required)
- ^ "About EDX". EDX Markets. Retrieved 30 June 2023.
- ^ a b "Crypto Exchange Backed by Citadel Securities, Fidelity Goes Live". Bloomberg News. Retrieved 30 June 2023.(subscription required)
- ^ "Digital Asset Platform EDX Markets Begins Trading and Completes New Funding Round". www.businesswire.com. 2023-06-20. Retrieved 2024-02-23.
- ^ Quiroz-Gutierrez, Marco. "Bitcoin Cash more than doubles after being offered by new exchange EDX Markets". Fortune Crypto. Retrieved 2024-10-04.
- ^ "Crypto Exchange Backed by Citadel Securities, Fidelity, Schwab Starts Operations". The Wall Street Journal. Retrieved 30 June 2023.(subscription required)
- ^ "Wall Street Is Launching a Crypto Exchange. Why That's a Threat to Coinbase". Barron's. Retrieved 30 June 2023.(subscription required)
- ^ "'Bringing some of the investor protections to it': How EDX Markets is embracing TradFi to become the safest bet in crypto". Fortune. Retrieved 30 June 2023.(subscription required)
- ^ "Citadel Securities' Business Head Nazarali Leaves for Joint Crypto Venture With Virtu". Bloomberg News. Retrieved 30 June 2023.
- ^ "Digital Asset Exchange EDX Markets Launches with Backing from Leading Broker-Dealers, Global Market Makers and Venture Capital Firms". www.businesswire.com. 2022-09-13. Retrieved 2024-02-23.
- ^ Frankjkovic, Teuta (26 June 2023). "What is EDX? Here's Everything We Know About Wall Street-Backed Crypto Exchange". ccn.com. Retrieved 23 February 2024.
- ^ a b "EDX Plans Asia Crypto Exchange With Funding From Sequoia and Pantera Capital". Bloomberg.com. 2024-01-23. Retrieved 2024-02-23.
