EDX Markets has announced a partnership with BitSafe to bring spot trading for CBTC to institutional participants. Revealed in an announcement, the integration marks the initial centralized-exchange listing for the Bitcoin-backed asset designed specifically for the Canton Network.
Under the setup, eligible institutional clients are provided an option to trade CBTC against US dollars. The asset is structured to function within a privacy-enabled institutional environment on the Canton Network, aiming to facilitate transfers, lending, and trading activities for participating entities.