The middle men poke back with EDX

Oh what a fuckin lame name, you can literally smell the rigidity and centralization from afar, all great timing right? I guess we really can't expect to attempt to put a system with decades in long running success out of business without a fight, this is effectively a step towards bringing back "trust" and permissioned operations into the picture.

For those wondering what this is about, apparently Fidelity, Charles Schwabe, and Citadel Securities have collectively ushered in a cryptocurrency exchange that currently supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash Trading. As with any centralized trading platform, EDX will have its clearing house that aids in the settlement of trade in a supposedly efficient way, this of course has been coated to be a way to offer participants improved price competition, minimised settlement risks and operational efficiency.

Now do not take those bunch of nonsense I just typed up there literal, they aren't personal declarations of any sort but simply the informations I've gathered from reports, just like the industry talks on BRC-20s, which has wierdly brought about DRC-20 and more fuckin crazies token contracts, the Black Rock Spot Bitcoin ETF and more, the media always has sweet talks to throw at them, EDX is no different, thus majority of the red flags and obvious events surrounding this launch will not be openly discussed.

I mean, Coinbase, fuckin publicly traded company being fuckin publicly dragged through the mud and Binance, a well established global entity facilitating large scale efficient crypto trades is being dragged aa well in an attempt to bleed the ecosystem, and now, all the sudden, a fuckin lame crypto exchange is being launched with a stupid name? Talk about the middle men trying to fight back as they are obviously on the verge of being largly removed from the process of major finance operations, trades and business transactions.

Non-custodial Design

You know how the bankers smile when they come to you to ask that you open an account with them then after you all become enemies and they instantly become extremely arrogant with work, serving you becomes less of a priority because they really own you now with your money in their account system and you being brainwashed to believe you need the institution in the first place.

EDX will attempt this shit with crypto as well, I sure hope crypto traders stay away from this shit, perhaps let the institutional buyers as they call themselves take this one.

Already backed by a consortium of major financial institutions, EDX has opened trading as the crypto marketplace of choice for industry leaders and builds on best practices from traditional finance to provide customers with distinctive benefits including liquidity, competitive quotes and a unique, non-custodial model designed to mitigate conflicts of interest. EDX also introduced a retail-only quote to the crypto markets, allowing participants the benefit of better pricing for retail-originated orders. Products traded on EDX include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

“EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market,” said Jamil Nazarali, CEO of EDX. “We are committed to bringing the best of traditional finance to cryptocurrency markets, with an infrastructure built by market experts to embed key institutional best practices. With the endorsement of our new and growing list of investors and customers, we’re proud to launch trading and look forward to further enhancements to our offering. Looking ahead, EDX Clearing will be a major differentiator for EDX -- and resolve an unmet need in the market – by enhancing competition and creating unparalleled operational efficiency through a single settlement process.”

Imagine seeing "non-custodial" and "the best of traditional finance" in the same article about a banking system and believing the obvious lie amongst them. Lol, non-custodial design, what the fuck does that even mean?

Do you really think EDX will be non-custodial? That would literally make it a "decentralized exchange", anyone dumb enough to believe this really still needs to learn more about how these words will tend to escape their mouths a little more often for marketing purposes.

This is stupid, EDX smells like a rigid fuckin watchtower for crypto trading, lol, such masterminds, fuck up the current ecosystem powers and deploy a supposedly "complaint" exchange, the self-made angel in the party, nice comic performance because I am not buying it.