EDX Markets Partners with BitSafe to Launch CBTC Trading, Expanding Institutional Access to Bitcoin on Canton Network
CHICAGO, Nov. 5, 2026 /PRNewswire/ -- EDX Markets, a digital asset technology firm that combines an institutional-only trading venue with a central clearinghouse, today announced a partnership with BitSafe to launch spot trading of CBTC, BitSafe's Bitcoin-backed digital asset on the Canton Network. The listing marks CBTC's first availability on a centralized exchange, enabling eligible clients to buy and sell the asset against U.S. dollars through EDX's marketplace.
CBTC is backed 1:1 by Bitcoin and designed to bring its value into Canton's financial ecosystem. Through CBTC, clients can access Bitcoin-backed assets within Canton's privacy-enabled ecosystem, supporting use cases including trading, lending and asset transfers. The asset incorporates distributed reserve controls and Chainlink Proof of Reserve to provide transparency into its Bitcoin backing.
"As institutional adoption of digital assets continues to evolve, providing access to emerging blockchain ecosystems through trusted trading infrastructure is increasingly important," said David Olsson, Chief Commercial Officer of EDX Markets. "Our partnership with BitSafe expands the range of assets available to EDX participants while creating a new point of access to Bitcoin-backed value on Canton. This listing reflects our continued commitment to connecting clients with new opportunities across digital asset markets."
The launch introduces an initial CBTC/USD spot market, with plans to add CBTC/USD perpetual contracts in the coming weeks and CBTC/BTC spot trading planned for a later stage. EDX also plans to accept Canton Coin as eligible collateral for CBTC perpetual trading. In addition, EDX and BitSafe will introduce a trading incentive program that includes zero trading fees for eligible CBTC trades, covered CBTC withdrawal fees and Canton Coin rewards based on eligible trading volume, subject to program terms.
"Bitcoin has tremendous potential beyond being held as a standalone asset, particularly as institutional financial activity expands across Canton," said Aki Balogh, CEO of BitSafe. "CBTC enables firms to put Bitcoin-backed value to work across trading, lending and other financial applications, while maintaining transparency into the asset's backing. Partnering with EDX establishes an important new access point for market participants and supports the continued growth of the CBTC ecosystem."
Granite River Trading (GRT), a principal digital-asset trading firm, will support liquidity across EDX's CBTC markets, beginning with CBTC/USD spot and extending to additional CBTC markets as they launch.
"Institutions want deep, reliable markets before they put Bitcoin to work on Canton," said Josh Gibson, CEO and Co-Founder of GRT. "As a Canton validator and day-one liquidity partner on EDX, we'll be quoting two-sided CBTC/USD markets from launch. Liquidity is what turns a new listing into a real market, and we're glad to help BitSafe build it."
The collaboration reflects EDX Markets' and BitSafe's shared commitment to expanding access to digital assets and supporting the growth of Canton's financial ecosystem. By combining EDX's trading infrastructure with BitSafe's Bitcoin-backed asset, the firms aim to enhance liquidity, broaden market participation and create new opportunities for institutions to engage with Bitcoin-backed value on Canton.
About EDX
EDX is a digital asset technology firm that combines an institution-only trading venue with a central clearinghouse. EDX Markets, our flagship marketplace, is designed to emulate the world's most sophisticated exchanges, with deep liquidity, firm prices and low trading costs. EDX has structured its business to minimize risk for its members while providing a diverse array of operational and capital efficiencies. Backed by some of the world's leading trading and venture capital firms, EDX is actively developing new features and expanding its geographic presence to deliver trusted, liquid and efficient crypto trading experiences for all institutions. To learn more, visit edxmarkets.com.
Disclaimer: EDX Markets products are available only to institutions in the U.S. and certain other jurisdictions. This communication is directed solely at investment professionals with experience in matters relating to investments. Any investment activity to which it relates, including services or products described, is available only to such persons. Persons who do not have such professional experience may not rely on it.
About BitSafe
BitSafe builds decentralized, privacy-enabled digital assets and infrastructure on the Canton Network. The team behind CBTC, Canton's first non-native asset, BitSafe brings tokenized and wrapped assets to market and enables other teams to develop their own. Powered by Decentralization Manager, its infrastructure delivers institutional-grade resilience and shared controls, expanding what institutions can trade, build and bring to market on Canton.
About GRT
GRT is a proprietary digital asset trading firm providing institutional liquidity across leading centralized and decentralized venues. Trading its own capital, GRT partners with token issuers, protocols, foundations, exchanges and institutional investors across liquidity provisioning, OTC trading, prediction markets and treasury solutions. It is backed by advanced infrastructure, quantitative strategies and 24/7 market coverage.
Media Contact:
EDX Markets
Forefront Communications
press@edxmarkets.com
BitSafe
Kadeem Clarke
marketing@bitsafe.finance
SOURCE EDX Markets
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