AndX Enters U.S. Crypto Market Using BitGo Infrastructure

Market Implications: The Shift Toward Regulated Gateways

The launch comes at a time when U.S. regulators are placing increased scrutiny on the operational security and transparency of crypto exchanges. By aligning with BitGo, AndX is positioning itself within a regulated framework that is designed to satisfy institutional mandates.

For active traders, the entry of AndX via BitGo’s technology means another potential venue for liquidity. In a market often fragmented by differing security standards and varying degrees of platform reliability, the use of institutional-grade infrastructure providers like BitGo often serves as a proxy for platform trustworthiness. As more firms adopt this "infrastructure-first" approach, we are likely to see a consolidation of liquidity across platforms that utilize the same underlying security protocols, potentially narrowing spreads and improving execution quality for retail and institutional traders alike.

Looking Ahead: What to Watch

As AndX begins its U.S. operations, industry observers will be watching two key metrics: the platform's ability to maintain competitive fee structures while absorbing the costs of high-tier infrastructure, and its success in navigating the domestic regulatory environment.

The success of this partnership may also serve as a blueprint for other international exchanges looking to enter the U.S. market. If AndX can gain traction quickly, it will likely validate the CaaS model as the preferred entry strategy for firms that prioritize speed-to-market and regulatory compliance over building bespoke, capital-intensive backend systems. Traders should monitor whether this launch sparks a trend of similar infrastructure-backed entries, which could fundamentally alter the competitive dynamics of the U.S. crypto exchange landscape in the coming quarters.