They don’t do the same thing at all

> One major difference: EDX is a “noncustodial” exchange, meaning it doesn’t directly handle its customers’ digital assets. Instead, EDX runs a marketplace where firms agree to execute trades of coins and dollars, using its platform to agree on prices. Then the firms move crypto and cash between each other to settle the trades. Later this year, EDX plans to launch a clearinghouse to facilitate the process of settling trades, but even then it plans to use third-party banks and a crypto custodian to hold customer assets.

> In contrast, crypto exchanges typically require their customers to park their digital coins in wallets run by the exchange, creating the risk that the exchange could lose the funds or be tempted to misuse them.

Exactly what Binance is working on and planning https://twitter.com/cz_binance/status/1591804109224550401

I guess that's part of the FUD strategy

Ah yes, the classic crypto “that’s being worked on” reply, which is becoming more convincing every year.

The projects are all here and are open source, it's a competitive market, it's easy to make an announcement, it's harder to come up with the projects all in the open ;)

EDX has been in the works for the better part of a decade at this point. Totally unrelated to binance

Great! EDX will trade crypto without actually having any of it. What will they invent next, 2 day settlement times? Why do real time settlement when we can go back to the clearinghouse model which has been with us since the early days of stock brokering...