EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab (NYSE:), is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.

EDX supports trading in four cryptocurrencies — (BTC), Ether (ETH), (LTC) and (BCH). At the time of writing, BCH had risen 70.43% in the week since EDX began operating and 101.36% in the last month.