EDX Trust: Crypto Banking for Institutions
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
EDX Markets, a crypto trading platform, has filed with the OCC to launch EDX Trust, a national trust bank for institutions. This move aims to separate risky functions from their trading platform and reduce conflicts. The bank will handle crypto custody, asset management, and trade settlements, using safe assets and a low-risk setup. It will serve pros like broker-dealers and investment advisers nationwide. This trend aligns with crypto firms seeking legit institutional services, with the OCC approving several applications recently. However, not everyone supports this move, with the American Bankers Association calling for a pause until stablecoin laws catch up.
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