Citadel Securities-Backed EDX Taps Anchorage to Custody Crypto
- Regulators call to separate custody, market-making and trading
- EDX model approximates practices seen in traditional finance
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EDX Markets, the crypto exchange backed by Charles Schwab and Citadel Securities, is moving ahead with Anchorage Digital as its custodial partner.
The crypto exchange, which went live to clients this year, said the partnership would allow EDX to settle trades matched on their exchange through its own clearinghouse business. That clearing business is slated to go live next month, according to Chief Executive Officer Jamil Nazarali.