EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab (NYSE:SCHW), is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.
EDX supports trading in four cryptocurrencies — Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). At the time of writing, BCH had risen 70.43% in the week since EDX began operating and 101.36% in the last month.