Gate News update: On April 1, the crypto trading platform EDX Markets, supported by Charles Schwab, Citadel Securities, and Fidelity, applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The charter would allow EDX Markets to offer services such as digital asset custody, asset management, and trade settlement, but it would not include traditional banking activities like accepting deposits or making loans. EDX Markets said that obtaining the charter would help it better serve institutional clients and gain a competitive advantage amid the wave of institutionalization in the crypto industry. Recently, several crypto firms—including Ripple, Circle, BitGo, Paxos, and Fidelity Digital Assets—have also applied for similar charters, indicating that the industry is accelerating its move toward a regulated financial system.
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