EDX Markets Files for National Trust Bank Charter to Expand Crypto Services
Here's what it means for you.
As institutional interest in crypto grows, this move could reshape how large banks engage with digital assets.
What happened
On March 26, 2026, EDX Markets submitted an application for a national trust bank charter to the OCC.
The Context
- EDX Markets: Launched in 2023, it's a non-custodial, institutional-only cryptocurrency exchange backed by major financial players.
- Regulatory Momentum: This application follows the OCC's conditional approvals for five similar crypto firms in December 2025, signaling a shift toward regulated crypto activities.
- Market Demand: EDX aims to serve large banks, addressing structural risks and enhancing trading and custody services in the crypto market.
The Number
— the notional trading volume matched by EDX Markets since January 2024, indicating strong institutional engagement in the crypto space.
Takeaway
Expect further developments in institutional crypto services as regulatory frameworks evolve and more firms seek similar charters.
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