EDX Markets Adds Bitcoin-Backed CBTC Trading for Canton Institutions
EDX Markets has partnered with BitSafe to launch spot trading in CBTC, a Bitcoin-backed token designed for the Canton Network. The institutional marketplace will let eligible clients trade CBTC against US dollars, marking its first centralized-exchange listing. The partners say each token is backed one-for-one by Bitcoin and cite reserve controls and Chainlink Proof of Reserve. CBTC is a separate instrument, not native Bitcoin, and depends on its issuer, custody, reserve accounting and redemption arrangements. The listing could improve access and price discovery, but does not establish liquidity, broad availability or guaranteed parity. Future indicators include trading volume, reserve verification, redemption performance and institutional use.
