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Fortune

Marco Quiroz-Gutierrez

‘Bringing some of the investor protections to it’: How EDX Markets is embracing TradFi to become the safest bet in crypto

Edx TradFi Crypto Charles Schwab Citadel Citadel Securities Fidelity Brett Harrison Fortune Genesis

Jamil Nazarali (Credit: Andrew Harrer—Bloomberg via Getty Images)

Jamil Nazarali knows what he wants to do at EDX Markets—and what he wants to avoid.

The new crypto exchange, backed by established players in traditional finance like Citadel Securities, Fidelity, and Charles Schwab, is poised to fill a void largely created when FTX blew up and which may expand depending on legal rulings for Binance and Coinbase.

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