In a key milestone, EDX Markets successfully kicked off its cryptocurrency trading operations and completed a new round of funding. Headquartered in Hoboken, New Jersey, EDX has established itself as a trusted marketplace for digital assets, promoting safe and compliant trading through trusted intermediaries.

EDX has attracted the attention of major financial institutions, becoming the cryptocurrency exchange of choice for industry leaders. The platform stands out for its non-custodial model designed to avoid conflicts of interest. It also offers benefits like enhanced liquidity, competitive quoting, and a retail-only quoting, giving retail-originated orders a better price advantage. EDX currently supports trading of well-known cryptocurrencies (mainly POW), including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and bitcoin cash (BCH).

Another milestone is on the horizon for EDX. Later this year, it plans to launch a clearinghouse, EDX Clearing, which will settle matched trades on EDX Markets. The clearinghouse will function as a central counterparty for trades, reducing settlement risks, promoting price competition, and increasing operational efficiency.

The launch of EDX and the upcoming EDX Clearing comes on the heels of a successful new funding round. The round included the participation of strategic investors such as Miami International Holdings, DV Crypto, GTS, GSR Markets LTD and HRT Technology. These firms join the platform’s founding investors, including heavyweights such as Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital and Virtu Financial. The newly secured funding will reinforce the continued development of EDX’s trading platform and strengthen its leadership position in the market.

Jamil Nazarali, CEO of EDX, expressed his confidence in the potential of the platform and its ability to attract investors. He emphasized EDX’s commitment to incorporating traditional finance best practices into the cryptocurrency market and hinted at the significant advantage EDX Clearing will provide by improving competition and operational efficiencies.