Wall Street-Backed Crypto Exchange EDX Expands Offerings, Adds 17 New Cryptocurrencies

Wall Street-backed crypto exchange EDX Markets has expanded its offerings, adding 17 new cryptocurrencies to its platform. The move comes as the exchange prepares to meet growing institutional demand for digital assets.

EDX Markets, which is backed by Fidelity Digital Assets, Charles Schwab, and Citadel Securities, has transformed its previously limited selection into a more robust trading platform. The newly listed tokens include AAVE, BCH, COMP, LINK, PEPE, SOL, UNI, USDC, WIF, XRP, AVAX, ADA, BONK, Stellar Lumens (XLM), TRUMP, XTZ, and ETC.

The exchange, which is available to institutions only, launched in the U.S. in June 2023. It made headlines with investments from major Wall Street firms, including Fidelity, Schwab, Paradigm, Sequoia Capital, and Citadel. One key difference between EDX Markets and other crypto exchanges is that it doesn't hold customers' digital assets. Instead, users trade through financial intermediaries, much like traditional stock exchanges.

EDX Markets kept its asset offerings low for the past two years, sticking to bitcoin (BTC), ethereum (ETH), and litecoin (LTC). However, by integrating a basket of new assets, the exchange hopes to grow its client base and become a one-stop-shop for clients globally.

The company also plans to introduce a perpetual futures exchange in the second quarter of this year, which will be based out of Singapore but available to jurisdictions around the world that allow the trading of perpetual futures. In the U.S., where the company is based, EDX continues to focus on expanding its product offerings and onboarding clients from the traditional financial world.

"This is the moment we've been waiting for," said EDX Markets CEO Tony Acuña-Rohter.