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Binance CEO CZ Supports New Crypto Exchange EDX Backed by Prominent Financial Institutions

June 21 (Cointime) - Binance CEO CZ has shown his support for a new cryptocurrency exchange called EDX, which is backed by prominent financial institutions including Citadel Securities, Fidelity Investments, and Charles Schwab.

CZ praised the timing of the launch and believes that competition in the crypto space is positive, indicating that he is not threatened by emerging players due to his broader vision.

EDX is a "noncustodial" platform that will initially offer trading exclusively in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, with plans to launch a clearing house later this year. The exchange recently concluded a funding round with investors such as Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology.

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