Crypto exchange EDX takes its tech into its own hands
The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.
Tony Acuña-Rohter was having second thoughts. His first day as chief technology officer at EDX Markets, a cryptocurrency exchange founded by some of the largest names in capital markets, had coincided with some bombshell industry news. FTX, the Bahamian exchange founded by Sam Bankman-Fried, had collapsed.
FTX had been one of crypto’s goliaths, and its founder was poised to be the next Warren Buffett. FTX’s demise sent crypto prices and investor sentiment spiraling downward. Things looked a
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