EDX Markets Launch Sparks Crypto Frenzy Despite 'Gambling' Label From Backer Charles Schwab's Daughter
Portfolio Pulse from Mehab Qureshi
The EDX Exchange, a new non-custodial platform for trading cryptocurrencies, has gained backing from Charles Schwab (NYSE:SCHW), Fidelity Digital Assets, and Citadel Securities. Despite this support, Charles Schwab's daughter, Carrie Schwab-Pomerantz, has labeled cryptocurrency as 'gambling'.
June 21, 2023 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Charles Schwab backs the EDX Exchange, a new non-custodial platform for trading cryptocurrencies, despite its president's daughter labeling crypto as 'gambling'.
Charles Schwab's backing of the EDX Exchange indicates the company's interest in the growing cryptocurrency market. Despite Carrie Schwab-Pomerantz's comments, the company's support for the platform could positively impact SCHW's stock price in the short term as it shows their willingness to adapt to new market trends.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80