New exchange EDX reportedly switching out Paxos’ custody services for Anchorage’s By Cointelegraph
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EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab (NYSE:), is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.
EDX supports trading in four cryptocurrencies — (BTC), Ether (ETH), (LTC) and (BCH). At the time of writing, BCH had risen 70.43% in the week since EDX began operating and 101.36% in the last month.
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EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab (NYSE:), is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.
EDX supports trading in four cryptocurrencies — (BTC), Ether (ETH), (LTC) and (BCH). At the time of writing, BCH had risen 70.43% in the week since EDX began operating and 101.36% in the last month.
Continue Reading on Coin Telegraph
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