EDX Markets, New Crypto Exchange Gets Support from Anchorage Digital

Illustration of Digital Anchorage. (Photo; Doc. The Next Big Idea)

JAKARTA - A cryptocurrency platform called Anchorage Digital is in the spotlight for being a custodian provider for a new cryptocurrency exchange that was recently established. This exchange has the support of some of the largest financial institutions around the world.

It is planned that Anchorage Digital will become a custodian partner for EDX Markets (EDX) when the exchange is launched at the end of this year. EDX CEO, Jamil Nazarali, explained that the decision to work with Anchorage Digital was influenced by the fact that they have a banking license from the United States Office of the Supervision of Currency (OCC).

This license regulates the national banks in the country and signifies that Anchorage Digital has met stringent security and governance standards.

"Anchorage Digital's robust security, governance, risk, and compliance will provide the best solution to meet the needs of our institutional clients. As a federal overseeing crypto bank in the US, Anchorage Digital Bank is the ideal partner to support the building of a solid clearing business institution and obedient,” said Nazarali.

For your information, EDX Markets (EDX) recently started trading in June with the support of major financial institutions such as Citadel Securities, Fidelity Digital Assets, Virtu Financial, Charles Schwab, Sequoia, and Paradigma.

EDX Clearing, part of the exchange, will handle the appropriate settlement of trades on the exchange. Currently, the exchange supports four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Anchorage Digital Bank will be used as a repository for assets kept at the clearing house.