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News by FinTech Collective Archive

Schwab, Citadel Securities, Fidelity, other Wall Street firms start crypto exchange EDX Markets

Sarah Wolter

September 16, 2022

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Sarah Wolter

The exchange will be led by CEO Jamil Nazarali, formerly a senior executive at Citadel Securities, billionaire Ken Griffin's massive trading operation. Other high-profile EDX backers include trading firm Virtu Financial (VIRT) and venture-capital firms Sequoia Capital and Paradigm.

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"Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more," EDX Markets' board of directors said in a statement. "Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards."

https://www.coindesk.com/business/2022/09/13/charles-schwab-citadel-fidelity-and-others-start-crypto-exchange-edx-markets/

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More posts by Sarah Wolter

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