The Next Bull Run? EDX Crypto Exchange Launch!

Is this what the start of the crypto bull market looks like once again?

The big news on the street is the launch of EDX a crypto exchange offering Bitcoin and Ethereum trading that's backed by two HUGE players in the investment field. Those two players are Schwab and Fidelity.

Just today a new EDX market was launched. It was announced back in September of last year but the FTX crash at the time took center spotlight. You know that bad news always highly beats out good news just human nature.

Just days before BlockRock filed an application to launch it's first spot bitcoin ETC in the U.S. What's clear is that institutional interest is at an all time high and I think that's something crazy important to understand right now. These are building blocks right now where massive wealth is being transferred. There will most likely come a time when governments are no longer powerful and instead that power will be moved into corporations and mega corps. We've already seen this take shape already.

Now let me remind you there are currently massive court cases happening right now with Coinbase, Binance and the SEC which have dragged down the markets and made everyone feel like crypto was about to be very limited in the USA. However the news of this release seems to speak otherwise. But that's not all either if you look at where the crypto is flowing BTC is being eaten up by countries, banks and other huge asset managers all while fud is spreading like wildfire about the SEC crackdown.

This is why it's always important to instead do your own research and locate and view where funds are flowing and not just rely on news headlines who are after clicks and views more then giving you and real data and research anymore.

The EDX exchanges allows trading of Bitcoin, Ether, Litecoin and Bitcoin Cash and what's also important is none of these where listed as securities in the latest SEC report. The primary goal of this mega move by these power houses are to take on first mover advantage of a secure and trusted method for institutions to invest in these assets quickly and safely.

EDX also plans to operate as a "non-custodial" exchange which means the company wont be handling customers assets directly and instead be a platform which firms can execute and settle trades.

EDX is also planning on launching a clearing house later this year which would allow other banks to hold on to crypto assets. This very well could be the biggest news for crypto but in particular the cryptos listed above and not others as it would be extremely hard to move funds outside of those core assets unlike coinbase for example.

It's still way too early to tell the effects of the crypto markets on this right now but so far it seems like the markets are enjoying it. With the stock market now hitting their bull run this could very well spark the biggest bull run for bitcoin ever and hopefully see my predicted price at the top of the bull run of $130,000 per BTC.

What are you thoughts on the EDX launch and the battle happening between government and corporations?

**UPDATES

This is an ongoing breaking article it's now reported that Citadel is also supporting the backing of this exchange with Fidelity and Charles Schwab.

Posted Using LeoFinance Alpha