Citadel Securities-Backed Crypto Exchange Seeks Bank Charter

A cryptocurrency exchange backed by Citadel Securities joined a raft of companies applying to be a national trust bank under the Trump administration’s more welcoming policies for the industry.

EDX Markets submitted an application with the Office of the Comptroller of the Currency, according to a filing made public Wednesday.

Approval would let EDX provide custody, asset-management and principal-trading services while continuing to conduct order matching for its customers, according to the filing.

“It is without a doubt that the next wave of crypto will be the large banks,” EDX Chief Executive Officer Tony Acuña-Rohter, who plans to serve ...