EDX Markets and BitSafe Partner to Launch CBTC Spot Trading on Canton Network
EDX Markets has partnered with BitSafe to introduce spot trading of CBTC, a Bitcoin-backed digital asset, on its institutional-only marketplace. This marks the first time CBTC will be available on a centralized exchange, allowing eligible clients to trade the asset against U.S. dollars. The initiative aims to integrate Bitcoin-backed value into the Canton Network's privacy-enabled ecosystem for use in trading, lending, and asset transfers. The launch begins with a CBTC/USD spot market, with plans to expand into perpetual contracts and CBTC/BTC spot trading. To support market depth, Granite River Trading (GRT) has committed to providing liquidity from day one. Additionally, the partnership includes a trading incentive program featuring zero fees for eligible trades and rewards in Canton Coin.
Tickers: $LINK
Topics: Bitcoin-backed assets blockchain technology digital assets institutional trading spot trading