“The Expansion Significantly Broadens Trading Options for USERS, REFLECTING A FRIENDLIER REGULATORY Environment in the us”, – WRITE: www.coindesk.com
“From the outset, we were designed and built for instITIONs for exactly what’s hapling Right Now,” Edx Markets CEO Tony ACUña-Rohter, Told Condesk.
Acuña-Rohter Was Appointed CEO of the Exchange in December After Founder and Then-Ceo Jamil Nazarali Moved to the Position of Executive Chair of the Edx Board. “We Were Quite Fortunate Because FTX HAPPENED, Crypto Winter Followed, WHICH GAV US TWO Years to Build Our Technology,“ SAID ACUña-Tohter. Absorb All The New Entrants from Traditional Finance. ”
The Newly Listed Tokens Include Aave (Aave), Bch (Bitcoin Cash), Comp in (Compound), Link (Chainlink), Pepecoin, Sol (Solana), Uni (Uniswap) ), Xrp (Ripple), Avax (Avalanche), ADA (Cardano), Bonk (Bonk Coin), Stellar Lumens (XLM), Trump (Trump Coin), Xtz (Tezos), ETC (Ethereum Classic).
“We Tend to be Very Conservative from A Regulatory Perspective and Because We Focused On Institutions, We Also Make Sure Were Weae Clear Processes, Policies And Proc. The Risk of Adding The New Tokens Decreated Significanti with the New Administration, WHICH IS VERY FOCUSED ON PROVIDING CLARITY RATHER THANNFORCING ACESSIONS AGAINST CRYPTO.
The Exchange, Which Is Available to Institutions Only, Launched in the Us in June 2023 and Made Headlines with Investments from Major Wall Street Firms Fidelity Being A Former Employer of Nazarali.
One Key Differentnce Between Edx Markets and Other Crypto Exchanges is that It Doesn’t Hold Customers’ Digital Assets. Institute, USers Trade Through Financial Intermediarians, Much Like How Transactions Occur On Traditional Stock Exchanges Like The New York Stock Exchange or Nasdaq. This Structure Appeals to Regulators, Edx CEO Jamil Nazarali Explained, As It Ensures A Clear Separation Between the Exchange and Broker-Dealer Functions.
However, Edx Markets Kept Its Asset Offers Low for the Past Two Years, Sticking to Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
By integration A Basket of New Assets, The Exchange Heps to Grow It Client Base and Be A One-Stop-Shop for Clients, Globally.
The Company Also Plans to Introduce A Perpetual Futures Exchange Futures. This doesn’t include the us
In the US, WHERE The Company Is Based, Edx Continues to be Focused On Expanding ITS Product Offers and Onboarding Clients from the Traditional Financial World, Said Auchena-Rohh with Various Clients to Solidify their plans and map out their integrations in the Space.
“This is the moment we’ve been waiting for,“ He Said.
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