Wall Street has its eyes on crypto. Some of the biggest names in finance are teaming up to create a new digital asset exchange platform for institutional and retail investors.
Major financial firms have teamed up to create EDX Markets , a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors.by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, according to an announcement released on Tuesday.
Jamil Nazarali has moved from Citadel Securities, where he was global head of business development, to the exchange as its CEO.“Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. […] Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards.
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