Citadel Securities-Backed Crypto Exchange EDX Drops Paxos for Anchorage

EDX Marketsa recently launched crypto exchange backed by firms like Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp., has abandoned its plan to use paxos as trustee and is now in final talks with digital anchor about a new partnership, according to people familiar with the matter.

EDX Markets' previous pact with Paxos, a blockchain company known for issuing a Binance-branded stablecoin, is no longer active, the people said. that society, Announced last October, it would have directed clients of the exchange to Paxos for custody of the crypto assets and allowed Paxos clients to directly access EDX.

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