EDX Markets Partners with Anchorage Digital to Strengthen Clearing and Custody Capabilities

EDX Markets, a crypto exchange backed by leading financial institutions, has teamed up with Anchorage Digital to enhance its clearing and custody capabilities. The collaboration aims to facilitate seamless settlement of trades conducted on the exchange through EDX Clearing, ensuring enhanced capital and operational efficiency.

Key Points:

EDX’s clearing business is set to go live next month.
EDX aims to bring traditional finance market structures to the digital asset ecosystem.
Anchorage Digital provides a best-in-class solution for EDX’s institutional client base.
The partnership separates custody and exchange functions to advance a safer crypto market structure.
Regulatory compliance and security measures are paramount in the evolving crypto industry.

The partnership between EDX and Anchorage Digital ensures that institutions trading on EDX can have confidence in the integrity and safety of their assets, boosting trust and regulatory compliance. The collaboration also facilitates compliance with US regulatory bodies through regulatory approval and robust security measures. With the involvement of established financial institutions, EDX aims to set a precedent for a more mature and secure crypto market ecosystem.

Hot Take: The collaboration between EDX Markets and Anchorage Digital is a significant step towards enhancing the credibility and efficiency of crypto trading. With the support of leading financial institutions and a commitment to regulatory compliance, EDX and Anchorage Digital are paving the way for a more reliable and compliant trading environment.