Major tradfi names launch crypto exchange
Major tradfi names launch crypto exchange
By John K. White
Another week, another crypto project with big tradfi names.
Last week, it was?BlackRock announcing their bitcoin ETF, and now we have a consortium involving Citadel Securities, Fidelity, and Schwab?launching a new crypto exchange?called EDX Markets.
It appears crypto is not dead after all.?
That is three very big traditional finance names joining the growing list planting their stake in the ground in recent days, despite the crypto winter and regulatory pressures in the mix.?
They did not really need to launch now. No one would blame them for shelving the plan and waiting for calmer waters. You have to think the timing is intentional.
It is yet another bullish sign for crypto.
Will this trend entice Jamie Dimon back into the fray?
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The exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab seeks business from those interested in digital assets but wary of troubles at FTX and Binance.
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