EDX Markets

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EDX Markets (EDXM)
Founded 2022
Key People Jamil Nazarali, Chief Executive Officer
Products Digital Asset Trading
Website edxmarkets.com

EDX Markets (EDXM) is a cryptocurrency platform launched on September 13, 2022 to address latent demand for digital asset trading by enabling trading of digital assets through trusted intermediaries. The exchange combines technology provided by MEMX with best practices from traditional financial markets for U.S. retail and institutional investors. EDXM enables a cryptocurrency ecosystem that aggregates liquidity from multiple market makers with the aim of reducing spreads and improving transparency. Trades are netted and settled on the blockchain.[1]

EDXM was launched as a collaboration among a number of broker-dealers, global market makers and venture capital firms. These include Citadel Securities, Fidelity Investments and Charles Schwab Corp, as well as Virtu Financial, Sequoia Capital and Paradigm.[2]

EDXM aims to dramatically reduce the cost of buying and selling digital assets. It currently offers trading in four tokens: bitcoin (BTC), ethereum (ETH), litecoin (LITE), and Bitcoin Cash (BCH).[3]


EDX Markets was founded by a consortium of broker-dealers, global market makers and venture capital firms. It was launched on September 13, 2022. It initially focused on only a handful of tokens including bitcoin (BTC).[4]

In October 2022 EDX announced it would work with Paxos as its custodian. Paxos is regulated by the New York Department of Financial Services and will hold all EDXM customer assets in a bankruptcy-remote trust, in fully segregated U.S. accounts, it said in a release.[5]

In January 2024, Pantera Capital announced it would join EDX Markets' board, alongside Sequoia Capital and other strategic partners like Citadel Securities, Virtu Financial, Fidelity Digital Assets, and Charles Schwab.[6]

On May 7, 2024, EDX Markets announced the launch of its Singapore-Based EDXM Global settlement platform. GSR and Virtu Financial were among the first adopters of EDXM Global.[7]

Products and Services[edit]

Trading of digital assets

Key People[edit]