Institutional cryptocurrency exchange EDX Markets has selected Anchorage Digital as the official custody provider for its upcoming clearing arm, EDX Clearing. The platform is scheduled to launch later this year.
Why Anchorage Digital Stands Out
Anchorage Digital brings a unique combination of qualifications to this partnership:
- The only federally chartered crypto bank in the United States
- Maintains equivalent security and service standards through its Singapore entity
Offers a comprehensive solution blending:
- Secure custody services
- Regulatory compliance
- Robust platform capabilities
Founded in 2017 and headquartered in San Francisco, Anchorage Digital operates additional hubs in:
- New York City
- Porto, Portugal
- Singapore
- Sioux Falls, South Dakota
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Building Institutional-Grade Infrastructure
EDX CEO Jamil Nazarali emphasized: "Our collaboration with Anchorage Digital represents our latest move to bring traditional financial market best practices to digital assets. Their exceptional security, governance, and compliance frameworks will serve our institutional clients' needs while supporting our vision for a safer crypto ecosystem."
Diogo Mônica, Co-Founder and President of Anchorage Digital, added: "Separating custody and trading functions isn't just possible—it's essential for institutional adoption. We're proud to support EDX Clearing's pioneering work in advancing market structure standards for digital assets."
EDX Clearing Operational Details
Key features of the upcoming clearing solution:
- Processes matched trades executed on EDX Markets
Provides single-settlement workflows to enhance:
- Capital efficiency
- Operational efficiency
- Leverages Anchorage Digital Bank's custody infrastructure
- Offers clearing services to EDX exchange members
Strategic Partnerships Strengthening EDX's Ecosystem
EDX continues expanding its institutional capabilities through collaborations with:
- Talos (trading technology integration)
- Solidus Labs (compliance infrastructure)
Major financial institutions including:
- Citadel Securities
- Fidelity Digital Assets
- Charles Schwab
- Paradigm
- Sequoia Capital
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FAQ: Understanding EDX Clearing and Custody
Q: What makes Anchorage Digital's custody solution unique?
A: As the only federally chartered crypto bank in the U.S., it combines bank-level security with specialized digital asset expertise.
Q: How does EDX Clearing benefit institutional traders?
A: The single-settlement process reduces counterparty risk while improving capital efficiency through consolidated workflows.
Q: When will EDX Clearing launch?
A: The platform is scheduled for release later this year (exact date TBA).
Q: Can retail investors access EDX Clearing?
A: Currently designed for institutional participants and exchange members.
Q: How does this differ from traditional crypto exchanges?
A: The separation of custody (via Anchorage) and trading functions mirrors institutional finance standards rarely seen in crypto markets.
Q: What assets will EDX Clearing support?
A: Specific assets haven't been disclosed, but expect major cryptocurrencies meeting institutional compliance standards.