New exchange EDX reportedly switching out Paxos custody services for Anchorages

1. Exchange EDX is switching from Paxos custody services to Anchorage. The article discusses the reasons behind this switch,including Anchorage's focus on security and regulatory compliance,as well as their experience in the crypto custody industry. EDX representatives also expressed confidence in Anchorage's ability to provide flexible solutions for their clients.

2. One of the key factors that led to EDX's decision was Anchorage's proprietary "secure secret-sharing" system,which helps to keep client assets safe. EDX representatives specifically noted that this system differs from traditional cold-storage solutions,which can be difficult to access and manage.

3. In addition to security considerations,EDX also cited Anchorage's experience with working with regulators as a reason for the switch. By partnering with a custody provider that is experienced in navigating the ever-changing regulatory landscape of the crypto industry,EDX can focus on other aspects of their business and remain confident in their compliance efforts.



source https://titdoi.com/news/New-exchange-EDX-reportedly-switching-out-Paxos-custody-services-for-Anchorages

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