EDX Markets CEO vows to learn from travails at rival institutional crypto exchanges

EDX Markets CEO vows to learn from travails at rival institutional crypto exchanges

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EDX Markets CEO vows to learn from travails at rival institutional crypto exchanges

The Block2 months ago
CitadelCitadel
Published on September 27, 2022 16:12 GMT+00:00edited on September 28, 2022 09:01 GMT+00:00

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Jamil Nazarali, the CEO of new institutional-focused crypto exchange EDX Markets, says the startup will learn from mistakes made by others who have tried to attract Wall Street to digital assets.  

“I think a few things set us apart, there's been a number of firms that have tried to do pieces of this, but they're missing key components,” Nazarali told The Block, later adding that "there seemed to be a void in the marketplace for a true exchange."

EDX Markets launched in September, backed by Charles Schwab, Citadel Securities and Fidelity Digital Assets, among others. It comes amid an ongoing push by traditional financial institutions into digital assets, despite cryptocurrency prices sliding year-to-date. The exchange plans to enable safe and compliant trading of digital assets through …