Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch

Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch


A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported during the first week of June, but the companies confirmed creating the new crypto exchange this week and appointed a CEO.

EDX Markets Plans to ‘Remove Significant Conflicts of Interest That Affect Existing Cryptocurrency Exchanges’

In a press release published Tuesday, Fidelity Investments, Charles Schwab, and Citadel Securities revealed that the financial heavyweights have plans to launch a crypto exchange. The exchange will be called EDX Markets, and the former

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