The crypto exchange world has been reshaped with the recent partnership between EDX Markets (EDXM), a non-custodial platform backed by eminent Wall Street players such as Fidelity, Citadel, and Schwab, and Talos, a premier digital assets trading technology provider. This collaboration marks Talos as the first Order and Execution Management System (OEMS) to sync with EDX Markets.
This amalgamation does not merely expand EDXM’s trading capabilities, offering access to more than 40 liquidity venues like top-grade exchanges and market makers. It also bolsters EDXM’s image as a credible marketplace and provides a stepping-stone for a larger pool of institutional investors looking to delve into the crypto space.
Interesting to note, by merging Talos’ vast service network – its trading platform, lending marketplace, analytics etc., clients can conduct end-to-end transactions sans the anxiety of intermediary risk or potential interest conflicts. It’s a twofold bonus: augmented offerings and a secure, efficient, transparent trading experience.
EDX Markets’ CEO Jamil Nazarali perhaps sums it the best, “This collaboration broadens our range of liquidity options for clients, reinforcing our commitment to delivering a comprehensive and robust trading experience for traditional financial institutions and crypto-native firms.”
As the crypto environment evolves, so does EDX Markets, presenting a dependable trading and settlement platform. Infusing precedents from traditional finance markets with a crypto-oriented infrastructure, EDXM pitches an uncomplicated, transparent solution for market participants.
Crafting its unique positioning amongst crypto exchanges, EDX Markets adopts an interesting approach to customer assets. Transactions aren’t conducted by holding users’ digital assets. Instead, financial intermediaries are deployed for the same, similar to trades on NYSE or NASDAQ. EDX also enjoys the favoritism of regulators who appreciate this segregation ensuring the clarity between the exchange and broker-dealer functions.
EDX Markets is also inching closer to launching EDX Clearing, a clearinghouse to facilitate trades against a central counterparty. This step is anticipated to boost price competition, cut down settlement risks, and enhances operational efficiencies.
EDX recently wrapped up a major funding round, pulling additional strategic investors to the table aside from the founders. This additional funding is a fillip to EDX as it continually refines its trading platform and zooms ahead to secure its posture as a disruptor in the crypto industry.
Source: Cryptonews
