Summary
- It reported that EDX Markets applied for a U.S. national trust bank charter to provide custody, asset management, and trading services.
- It said EDX Markets is an exchange jointly established by major financial institutions such as Citadel, Fidelity, and Charles Schwab.
- The market said this application could accelerate institution-led crypto asset infrastructure development.
Forecast Trend Report by Period
EDX Markets, a crypto asset exchange founded by major Wall Street financial firms, is moving to expand its regulated financial infrastructure.
According to Eric Balchunas, a Bloomberg ETF analyst, on the 1st (local time), EDX Markets applied for a U.S. national trust bank charter to provide custody, asset management, and trading services.
EDX Markets is an exchange jointly established by major financial institutions including Citadel, Fidelity, and Charles Schwab.
The application is seen as a move by a crypto asset exchange to offer comprehensive financial services within the traditional financial regulatory framework.
The market is focusing on the prospect that institution-led crypto asset infrastructure development could accelerate further.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
