• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TMRW, Dubai (February 8-10, 2023)
    • European Blockchain Convention, Barcelona (February 15-17, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Digital Asset Exchange EDX Markets Launches with Backing from Leading Broker-Dealers, Global Market Makers and Venture Capital Firms

September 13, 2022 By Business Wire

First-of-its-kind exchange will leverage technology from MEMX to offer investors safer, faster and more efficient cryptocurrency trading through trusted intermediaries

Leadership team includes Chief Executive Officer Jamil Nazarali, Chief Technology Officer Tony Acuña-Rohter and General Counsel David Forman

NEW YORK--(BUSINESS WIRE)--A consortium of leading broker-dealers, global market makers and venture capital firms today announced the launch of EDX Markets (EDXM), a first-of-its-kind exchange that will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries. The new exchange will combine proven technology provided by MEMX with best practices from traditional financial markets and tighter spreads enabled by greater liquidity, to support secure, fast and efficient cryptocurrency trading for U.S. retail and institutional investors.


EDXM will enable a highly liquid cryptocurrency ecosystem that aggregates liquidity from multiple market makers to reduce spreads and improve transparency. This commitment to price discovery and efficiency is expected to result in better prices for investors than those offered by existing cryptocurrency exchanges. EDXM operates as a fully independent entity backed by financial industry leaders including Charles Schwab, Citadel Securities, Fidelity Digital Assets℠, Paradigm, Sequoia Capital and Virtu Financial. Additional market participants are expected to partner with EDXM over time.

MEMX, an innovative, customer-centric market operator founded in 2019, will provide the technology infrastructure for EDXM. Using scalable exchange architecture purpose-built by MEMX to extend across a range of markets, EDXM will meet the needs of the world’s largest and most sophisticated financial institutions as well as those of retail investors.

By leveraging a network of select digital custodians to safeguard assets, trades will be netted and settled on the blockchain for greater speed and efficiency at lower cost, eliminating the need for expensive bilateral settlement. Customer security and regulatory compliance are also core foundational principles for EDXM. In particular, it will remove significant conflicts of interest that affect existing cryptocurrency exchanges by separating responsibility for operating the exchange from the entities trading on it.

EDXM has made a number of senior leadership hires and will continue to expand its executive team in the coming months. Jamil Nazarali, formerly Global Head of Business Development at Citadel Securities, serves as the Chief Executive Officer of EDXM; Tony Acuña-Rohter, who previously served as Chief Technology Officer at ErisX, through its acquisition by Cboe Global Markets, has joined as CTO; and David Forman, formerly Chief Legal Officer at Fidelity Brokerage Services and General Counsel for Fidelity Digital Assets℠, is General Counsel. They will be joined by additional hires from across the cryptocurrency and traditional financial services sectors. Representatives from the founding member firms comprise EDXM’s Board of Directors.

Mr. Nazarali said, “It is a privilege to lead EDXM as we build this exciting new trading ecosystem, and I am grateful for the participation, support and guidance of our consortium members. We look forward to welcoming additional participants to the exchange, which will drive ongoing trading in this important asset class while creating a virtuous cycle of continually enhanced liquidity and efficiency supported by MEMX’s cutting-edge technology.”

EDXM’s Board of Directors commented, “Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards. With MEMX-supported digital infrastructure that eliminates technological and organizational bottlenecks, EDXM will be a safe entry point to crypto and serve as the exchange of choice for trading digital assets on a platform designed for and used by leading financial institutions.”

Jonathan Kellner, CEO of MEMX said, “We are excited to partner with EDXM on this important and innovative venture. This marks a new chapter for MEMX as we bring our scalable market technology to other asset classes and market operators.”

About EDX Markets

EDX Markets (EDXM) is a new platform for trading cryptocurrency and other digital assets that combines proven technology with the best of traditional financial markets. As a collaboration among leading names in finance—including broker-dealers, global market makers and venture capital firms—EDXM ensures greater access, transparency, security and compliant trading of digital assets. For more information, please visit EDXMarkets.com.


Contacts

press@edxmarkets.com

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Aptos Labs Makes Commitment to Web3 Innovation in Higher Education Through $50K Grant and New Advisor

February 6, 2023

Crypto Wild West: 85% of UK crypto firms fail to meet minimum FCA standards

February 6, 2023

NEAR Foundation and the NYU School of Professional Studies Collaborate on the Launch of a Web3 Learning Workshop for Students, Faculty, and Industry Partners

February 6, 2023

QIE Wallet & Web 3 Banking – The Entry Point to QI Ecosystem

February 6, 2023

Binance Trading Bot

February 5, 2023

TMRW

EBC 2023

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter