Crypto has a new rescuer: Wall Street

Some of the biggest names in finance are making new bets on digital currencies, helping the industry rally even as it faces rising legal scrutiny.

• 2023-06-25
• Fidelity Investments digital assets Charles Schwab Citadel Securities BlackRock digital currencies Coinbase Deutsche Bank cryptocurrency exchange cryptocurrencies exchange-traded fund Gary Gensler

Bitcoin Jumps as Traditional Firms Tap Crypto

Bitcoin continues to rally, with analysts citing recent moves by traditional financial firms to tap the crypto market as a bet on the industry. BlackRock has [filed paperwork](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-15-2023/card/blackrock-files-for-spot-bitcoin-etf-uXnyhGqVpaPyVtnF0zOC) with the Securities and Exchange Commission for a spot bitcoin exchange-traded fund.

• 2023-06-21
• cryptocurrency exchange Citadel Securities crypto market Charles Schwab Fidelity Investments

Fidelity-Backed Crypto Exchange EDX Goes Live

EDX Markets is a new player in the cryptocurrency exchange industry, backed by some of the most influential financial institutions on Wall Street.

• 2023-06-21
• Fidelity Investments EDX Charles Schwab Bitcoin Cash Citadel Securities

Bitcoin Hits a Six-Week High as Financial Titans Step Up Crypto Initiatives

(Bloomberg) -- Bitcoin climbed to the highest level since early May, buoyed by crypto initiatives involving major players from the traditional financial sector.Most Read from BloombergHedging Failure Exposes Private Equity to Interest-Rate SurgeThese Are World’s Most Expensive Cities for High-Class LivingWhat We Know About the Missing Titanic SubmersibleAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpTitanic Explorer Says Two Likely Disaster Causes Are Survivable. One Is NotThe largest d

• 2023-06-21
• Bloomberg Bitcoin ETF digital tokens Citadel Securities BlackRock Inc Bitcoin Grayscale Bitcoin Trust US Securities and Exchange Commission Fidelity Digital Assets EDX Markets

Crypto Crackdown Cleared the Way for Fidelity-Backed Exchange and BlackRock’s Bitcoin ETF, Custodia CEO Says

Caitlin Long Said It's Not a Coincidence That Large Financial Institutions are Making Their Move Now.

• 2023-06-21
• digital assets EDX Charles Schwab Custodia Bank financial firms Citadel Securities Caitlin Long crypto exchange

Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

EDX Markets (EDX), which is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities has launched in the U.S. after building out its technology for the past nine months, the company announced Tuesday.

• 2023-06-21
• Charles Schwab Citadel Securities EDX Markets EDX Markets CEO Jamil Nazarali EDX Fidelity Digital Assets Sequoia Capital