Institutional crypto exchange EDX Markets selected Anchorage Digital to provide custody solutions for its upcoming clearinghouse business.
"Anchorage Digital has a robust security, governance, risk and compliance framework, which will provide a best-in-class solution to meet the needs of our institutional client base," EDX CEO Jamil Nazarali said."As the only federally chartered crypto bank in the U.S., Anchorage Digital Bank is the ideal partner to support EDX’s build of a robust and compliant clearinghouse business.
EDX Clearing will settle trades on EDX with a single settlement process designed to enhance capital and operational efficiency, providing clearing services to EDX clients using Anchorage Digital Bank for custody of traded assets. "Drawing from the blueprint of traditional finance will be critical to unlocking the next phase of institutional crypto," said Anchorage Digital co-founder and president Diogo Mónica."Anchorage Digital has proven that separating custody and exchange functions for institutions isn’t just possible, it’s essential.
with The Block at the time that the platform would learn from the mistakes of others who tried to attract Wall Street to digital assets."There seemed to be a void in the marketplace for a true exchange," he said.in June, offering trading in four crypto assets including bitcoin, ether, litecoin and bitcoin cash.with the trading platform Talos, expanding its institutional clients’ access to a network of over 40 liquidity venues.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oliver Anthony Music Had 37% of All Country Track Sales Last Week, Led by ‘Rich Men North of Richmond’He joins elite company historically on the Digital Song Sales and Country Digital Song Sales charts.
Read more »
This Fidelity manager has crushed the S&P 500 since 1989—here's his advice for investorsJoel Tillinghast will step down from Fidelity Low-Priced stock at year end. Since he launched the fund in 1989, it returned nearly 13% per year, on average.
Read more »
Here are 11 glaciers near Anchorage you can get up close toThere are glacier trips for people of all ages and athletic abilities. Here are trips within 150 miles — or a two- to three-hour drive — from Anchorage.
Read more »
Indigenous Place Names Project celebrates 4th Anchorage-area signpostThe new marker along the Coastal Trail says “Nuch’ishtunt,” which means “the place protected from the wind” in Dena’ina Athabascan.
Read more »
Anchorage ombudsman recommends firing city IT director for role in election challengeOmbudsman Darrel Hess also says he believes there may have been a violation of state election law.
Read more »
Anchorage Ombudsman completes investigation into Assembly election challengeAnchorage Ombudsman Darrel Hess has completed his investigation into a challenge to the April 4 Assembly election.
Read more »