Charles Schwab, Citadel Securities and Fidelity Digital Assets announced the launch of a digital asset exchange, EDX Markets. Paradigm, Sequoia Capital and Virtu Financial are also part of the consortium, with additional market participants expected to partner with EDXM over time, the group said. EDX Markets "will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries," according to a release. "EDXM will enable a highly liquid cryptocurrency ecosystem that aggregates liquidity from multiple market makers to reduce spreads and improve ... (full story)

A consortium of leading broker-dealers, global market makers and venture capital firms today announced the launch of EDX Markets (EDXM), a first-of-its-kind exchange that will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries. The new exchange will combine proven technology provided by MEMX with best practices from traditional financial markets and tighter spreads enabled by greater liquidity, to support secure, fast and efficient cryptocurrency trading for U.S. retail and institutional investors. EDXM will enable a highly liquid ... (full story)