EDX Markets turns to Paxos for crypto custody

EDX Markets turns to Paxos for crypto custody

EDX Marketson cryptocurrency exchange platform Giants faithfulness and The Citadelwill work with Paxos to keep assets from hers customers.

According to a statement released on Wednesday, EDX Markets bound a partnership with the American Paxos. The stablecoin issuer will act as depository for users of the launchpad digital asset exchange platform.

Last month, Charles Schwab, Citadel Securities, faithfulness and Virtu Financial unveiled EDX Markets, a crypto exchange that aims to offer “safer, faster and more efficient” trading for institutional and retail investors.

As compliance and security are key hallmarks of EDXM’s offering, we are delighted to partner with Paxos to provide a benchmark in digital asset custody services,” said Jameel Nazarali, CEO of EDXM.

Paxos is a trust company licensed and regulated by the New York State Department of Financial Services.

According to TheBlockpending the opening of EDX Markets by the end of the year.

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