EDX Markets Teams Up with BitGo to Boost Crypto Adoption
EDX Markets, a crypto exchange supported by Citadel Securities, Charles Schwab, adn fidelity, has formed a new alliance with BitGo. This move aims to speed up the adoption of cryptocurrencies by institutional investors.
The partnership will integrate BitGo’s Go Network settlement layer into EDX Markets. This integration will enable instant settlement of digital assets and fiat currencies. EDX will also use BitGo’s custody platform to reduce client exposure to the exchange.
BitGo Prime will join EDX Markets as a member, giving BitGo’s liquidity pool access to EDX’s deep liquidity. The collaboration focuses on infrastructure and regulatory compliance, making it easier for customary finance institutions to explore digital assets.
Tony Acuña-Rohter, CEO of EDX markets, stated, “Integrating BitGo’s custody infrastructure enhances our clearing and settlement framework. This will attract more institutional participants by providing a secure and efficient trading environment.”
Mike Belshe, CEO of BitGo, added, “Our partnership bridges the gap between traditional finance and crypto, promoting growth in the digital asset industry.”
BitGo has expanded its services through new partnerships and product launches. These include a global over-the-counter trading desk and off-exchange settlement on deribit, in collaboration with Copper.
BitGo offers various digital asset solutions, such as staking, trading, wallet services, and crypto settlement. Recently, it partnered with Republic, a New York-based investment platform, to make choice investments more accessible to individuals.
