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One of the most significant indicators of the involvement of traditional finance giants in the world of cryptocurrency, EDX Markets, has made a surprising decision regarding Bitcoin Cash (BCH). The cryptocurrency exchange announced that it has ended its support for the largest Bitcoin (BTC) hard fork.
Bitcoin Cash Support Withdrawn: BTC, ETH, and LTC Left
EDX Markets, a cryptocurrency exchange launched in September 2022, backed by major companies such as Charles Schwab, Fidelity, and Citadel Securities, has unexpectedly withdrawn its support for BCH. According to Digitalasset, the cryptocurrency exchange established by billion-dollar financial giants will no longer provide support for BCH.
The cryptocurrency exchange currently only offers support for BTC, the king of altcoins Ethereum (ETH), and popular altcoins such as Litecoin (LTC).
Traditional Finance Companies in the Cryptocurrency Exchange
EDX Markets is one of the most prominent steps taken to meet the increasing demand for cryptocurrencies from traditional finance companies. A consortium including companies such as Charles Schwab, Fidelity, and Citadel Securities officially announced the cryptocurrency exchange in September 2022.
EDX Markets, which is claimed to stand out with high liquidity, superior security features, and fast transaction power, can be used by both corporate companies and individual investors in the United States. The EDX Markets exchange aims to reduce misunderstandings and increase transparency by using the liquidity it receives from many market makers and offering it to its users.
Supported by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial, EDX Markets claims to differentiate itself from other cryptocurrency exchanges with its strong commitment to price discovery.