Cryptocurrency exchange EDX Markets has announced that it will work with the Talos Trading platform to create more access points to the market as more large institutions are stepping into the ring. 

Under the deal, Talos will develop a front-end system for EDX that better connects the latter’s clients to liquidity, crypto custodians, and other trading tools already offered by Talos’ wide network of providers across the digital asset space.

For EDX, a new exchange backed by large Wall Street firms, the Talos partnership is its latest move to strengthen its position as a competitive player in the digital asset market only a month after trading began on its exchange.

“We feel very strongly that we’re going to have the best prices in the market,” Jamil Nazarali, EDX’s CEO, told Decrypt in an interview. “And so to the extent that more people connect to us, we’re confident it’s going to drive volumes.”

For the most part, crypto markets are less concentrated than those in traditional financial markets. In the TradFi realm, traders seek out pricing data from a handful of centralized exchanges, such as Nasdaq, that then receive the bulk of trading volume. In the case of crypto, this data is more disparate with prices varying across myriad exchanges.

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Author: Nicholas Morgan

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