EDX Taps Anchorage to Custody Crypto as Regulators Crack Down

EDX Markets, the crypto exchange backed by Charles Schwab and Citadel Securities, is moving ahead with Anchorage Digital as its custodial partner.

The crypto exchange, which went live to clients this year, said the partnership would allow EDX to settle trades matched on their exchange through its own clearinghouse business. That clearing business is slated to go live next month, according to Chief Executive Officer Jamil Nazarali.

The partnership comes at a challenging time for the asset class, which in August has seen a fresh wave of selling and hits to token prices.

“As the crypto asset ...