This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
| less than a minute read

Crypto crackdown cleared the way for Fidelity-backed exchange and BlackRock’s Bitcoin ETF, Custodia CEO says

Some of the United States’ largest financial firms launched an exchange for digital assets this week.

Wall Street giants Fidelity Digital Assets, Charles Schwab, and the market-making behemoth Citadel Securities are behind EDX, a non-custodial crypto exchange. EDX will offer trading on BTC, ETH, and other major digital assets, according to a press release. Some investors say large financial firms have “bullied out participants so they can scoop up cheap coins.”

“All of a sudden we've got these big Wall Street firms that are coming into crypto right after the runway's been cleared,”

Tags

tradfi, crypto, regulation, policy, citadel, edx, etf, btc