EDX Markets, a new cryptocurrency exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab, is set to launch later today, offering BTC, ETH, LTC and BCH

EDX Markets is a U.S.-based institutional crypto trading venue that launched in 2023 with backing from a consortium of major financial firms including Citadel Securities, Fidelity Digital Assets, Virtu Financial, and Charles Schwab. The company was created to provide a centralized trading and clearing setup for institutions, using a clearinghouse and net settlement process intended to reduce credit risk and capital requirements compared with bilateral crypto trading. The story matters because EDX represented one of the clearest efforts by traditional Wall Street firms to build crypto market infrastructure for institutional users rather than retail traders. At launch, it offered trading in a limited set of major cryptocurrencies, including bitcoin, ether, litecoin, and bitcoin cash, reflecting a conservative product approach focused on liquidity and compliance rather than broad token access.

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