EDX Markets Scraps Paxos as Custodian, Shocking Report

By Lola Coin Jun 28, 202370Views

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EDX Markets, a recently launched cryptocurrency exchange, is reportedly in talks with Anchorage Digital to serve as its custodian, after terminating its collaboration with Paxos. The exchange received financial backing from industry leaders such as Fidelity Digital Assets, Charles Schwab, and Sequoia Capital, among others. Paxos, which was originally intended to be the custodian, stated that EDX shifted focus to a non-custodial offering at launch. EDX Markets has not yet commented on the potential partnership with Anchorage Digital. The exchange launched on June 20 and offers trading services for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Both Paxos and Anchorage Digital have faced regulatory and operational challenges recently, including investigations and staff layoffs.

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