The post Citadel-backed EDX Markets taps BitGo for crypto traction appeared on BitcoinEthereumNews.com.

EDX Markets, a cryptocurrency exchange backed by Citadel Securities, Charles Schwab, and Fidelity, has announced a new partnership with digital asset infrastructure firm BitGo to accelerate institutional adoption of crypto. The partnership will see venture capital backed  and institution-focused EDX Markets integrate BitGo’s settlement layer Go Network to enable instant settlement of digital assets and fiat. EDX will tap into BitGo’s qualified custody platform to allow clients trade and settle, reducing exposure to the exchange. Meanwhile, EDX’s deep liquidity becomes accessible to BitGo’s pool of liquidity as BitGo Prime joins EDM Markets as a member. Infrastructure and regulatory compliance are key to this collaboration, the firms said. This means bringing digital assets to traditional finance institutions via mechanisms that allow them to explore without hurdles that hinder such efforts. Tony Acuña-Rohter, chief executive officer of EDX Markets said: “By integrating BitGo’s qualified custody infrastructure into our clearing and settlement framework, we are addressing the need for robust mitigation structures, which will further advance our mission of creating a secure and efficient trading environment that attracts more institutional participants.” Mike Belshe, co-founder and chief executive of BitGo, added: “As the digital asset industry continues to mature, partnerships like ours bridge the gap between TradFi and crypto, driving increased participation and long-term growth in the space.” BitGo has recently struck multiple partnerships and expanded its services via new product launches, including a global over-the-counter trading desk and an off-exchange settlement on derivatives exchange Deribit. The latter is a collaboration with custody provider Copper. Its digital asset solutions beyond custody, include staking, trading, wallet service, digital asset financing, and crypto settlement. BitGo recently announced a key partnership with New York-based investment platform Republic in a bid to democratize access to alternative investments, bringing products traditionally targeted for institutional investors to individuals. Source: https://crypto.news/citadel-backed-edx-markets-taps-bitgo-for-crypto-traction/

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Filed under: News - @ April 10, 2025 2:29 pm