EDX Markets CEO says Bitcoin has potential to be a reserve asset

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EDX Markets CEO says Bitcoin has potential to be a reserve asset

With people's faith in Bitcoin BTC/USD and its finite supply, the digital asset has the potential to become a global reserve asset, said Jamil Nazarali, CEO of EDX Markets.

Nazarali, who will be speaking with Benzinga at the Benzinga Future of Digital Assets conference on Nov. 14, explored the challenges and opportunities presented by the digital asset space.

He said that EDX Markets, which was established about a year and a half ago, was aimed at bridgeing the gap between traditional finance and the digital asset world.

Nazarali pointed out the difference between traditional financial exchanges and Crypto exchanges, noting that the latter frequently custody client assets, a practice not seen in traditional finance.

He emphasized Bitcoin's functionality over gold, particularly in terms of its ease of transfer and its potential as a reserve asset.

13 and Future of Digital Assets on Nov. 14 in NYC to stay updated on trends like AI, regulations, SEC actions and institutional adoption in the crypto space.