EDX Markets Applies for U.S. National Trust Bank Charter
The crypto exchange, backed by Citadel Securities, filed with the Office of the Comptroller of the Currency (U.S. national bank regulator) as more digital asset firms pursue banking status.
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Terms & Concepts
National trust bank charter: A U.S. banking license that can allow a firm to provide trust or custody-related financial services under federal oversight.
Office of the Comptroller of the Currency: The U.S. regulator that supervises national banks and reviews applications for federal bank charters.
Crypto exchange: A platform where users can buy, sell, and trade digital assets such as cryptocurrencies.