EDX Markets, a US-based cryptocurrency exchange platform launched in 2022, has announced it will no longer support Bitcoin Cash (BCH). The platform will instead focus its resources on Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The decision follows the platform's aim to meet the growing demand from traditional finance firms and cater to both corporations and individual investors across the US.
Backed by financial heavyweights including Charles Schwab (NYSE:SCHW), Fidelity, Citadel Securities, Paradigm, Sequoia Capital, and Virtu Financial (NASDAQ:VIRT), EDX Markets has distinguished itself with high liquidity, superior security measures, swift transaction capabilities, and a strong commitment to price discovery. The platform's strategy utilizes liquidity from multiple market makers to enhance transparency and eliminate user misunderstandings.
The discontinuation of Bitcoin Cash support is seen as part of the platform's ongoing strategy to streamline its operations and concentrate on currencies that have shown consistent growth and stability. This move is expected to allow EDX Markets to further enhance its service offerings and maintain its edge in an increasingly competitive cryptocurrency market.
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