EDX raises $76M in Series C funding
EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings.
The funding round highlights continued investor appetite for institutional crypto infrastructure despite a slower venture funding market.
The company will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally.
EDX has processed as much as $685 million in transactions and has quietly expanded its institutional footprint over the past year.