★National Trust Bank Bid: Citadel Securities-Backed Crypto Exchange Enters The Fray
"EDX Markets' pursuit of a national trust bank charter signals a critical market structure evolution, as major TradFi players seek to directly integrate digital asset custody and settlement within federally regulated frameworks. This move could accelerate institutional capital flows into crypto by reducing counterparty risk and fostering greater regulatory clarity for prime brokerage services. Such vertical integration by established financial giants reshapes the competitive landscape and could drive significant market share shifts."
The Big Coin Report Take
EDX Markets, backed by Citadel, is seeking a national trust bank charter. Apparently, even Wall Street's crypto ventures are now looking to play by the traditional banking rules. Some things never change, just get re-packaged.
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