EDX Markets Opens a Centralized Route for BitSafe’s…
By Rick Steves
AI summary of the source article
EDX Markets has partnered with BitSafe to list CBTC, a Bitcoin-backed token issued on Canton Network, launching a CBTC/USD spot market. The firms plan to add perpetual contracts and CBTC/BTC spot trading in the coming weeks.
Why it matters
The listing "tests whether a Canton-based asset can connect with institutional trading and risk workflows," while offering what EDX calls "a new point of access to Bitcoin-backed value on Canton."
Key facts
- EDX Markets partnered with BitSafe to provide a centralized exchange venue for trading CBTC against U.S. dollars.
- CBTC is backed one-for-one by Bitcoin and utilizes Chainlink Proof of Reserve.
- Granite River Trading will quote two-sided CBTC/USD markets from launch.
Source excerpt · FinanceFeeds
EDX Markets has partnered with BitSafe to list CBTC , a Bitcoin-backed token issued on Canton Network, giving eligible customers a centralized exchange venue for the first time to trade the asset against U.S. dollars. The listing tests whether a Canton-based asset can connect with institutional trading and risk workflows.CBTC is described as backed one-for-one by Bitcoin and designed to represent…