Cryptocurrency exchange EDX Markets, supported by Citadel Securities, has officially applied for a national trust bank status in the United States. This application is notable because it was submitted during the Donald Trump administration, which pursued a more favorable policy toward the cryptocurrency sector. If the EDX Markets application to the Office of the Comptroller of the Currency (OCC) is approved, the company will be able to offer its clients custody services, asset management, and direct trading operations. Additionally, the platform will continue to facilitate order matching within its current business model.

Related news LAST NEWS: Developers issued a statement regarding a major altcoin hack! CEO Tony Akunya-Roter stated that large banks will form the next wave of growth in the cryptocurrency market, and that a trust structure licensed by OCC will provide a significant competitive advantage when serving institutional clients.

The easing of cryptocurrency regulations during the Donald Trump administration has allowed an increasing number of traditional financial companies to enter the crypto world.