Institutional crypto exchange EDX lands $76M from SBI Holdings
EDX Markets raised $76 million in a Series C round led by Japan’s SBI Holdings, adding to support from major traditional finance backers such as Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab. The crypto exchange serves institutional investors and plans to use the capital to expand spot trading, clearing and settlement, launch new products, and grow internationally. EDX operates a US institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutions. The company has also deepened its footprint through Ripple Prime integration, giving clients access to EDX liquidity and planned support for RLUSD as a settlement and collateral asset. The raise reflects continued investor interest in crypto market infrastructure, even as broader venture funding remains subdued.
