Fidelity, Citadel Securities, Charles Schwab Launch Bitcoin, Crypto Exchange Today

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  • A group of financial behemoths have partnered to launch a bitcoin and cryptocurrency exchange.
  • Among the participants are Fidelity, Citadel Securities and Charles Schwab.
  • Transactions will be settled on-chain at low-cost.

A coalition of financial titans including Charles Schwab, Citadel Securities, and Fidelity Digital Assets have launched a bitcoin and cryptocurrency exchange, per a press release.

EDX Markets (EDXM) is meant to serve as a powerhouse exchange backed by the liquidity of legacy financial institutions. Other notable contributors in the venture include Paradigm, Sequoia Capital and Virtu Financial, as Bitcoin Magazine previously reported.

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