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Wall Street-Backed Crypto Exchange EDX Markets Is Set for November Debut

  • EDX Markets to mimic ‘best features of traditional finance’
  • Spot trading in some crypto tokens set to begin in November

US trading titans and brokerage firms are building a crypto exchange that brings investing in digital assets further into the domain of traditional finance, by mimicking the structure of how other asset classes trade.

EDX Markets will start trading a limited number of spot, crypto tokens starting with a November trial period, with the official launch in January, Chief Executive Officer Jamil Nazarali said in an interview. It is backed by Charles Schwab, Fidelity Digital Assets, Paradigm, Sequoia Capital, Citadel Securities and Virtu Financial