EDX Markets Secures $76 Million Funding
EDX Markets, a cryptocurrency trading platform focused on institutional clients, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings. The announcement, made on July 7, 2026, highlights a significant investment in cryptocurrency infrastructure, which remains attractive to institutional investors despite a slow venture funding environment in the digital asset sector.
Focus on Institutional Growth
EDX Markets aims to enhance its services using the newly acquired funds. The company plans to expand its spot trading, clearing, and settlement services, along with developing new products and pursuing international growth. EDX’s platform, which separates trading from custody and settlement through a central clearinghouse, is designed to minimize counterparty risk—a model similar to traditional financial markets.
SBI Holdings’ Strategic Involvement
SBI Holdings, known for its active involvement in the cryptocurrency sector, led the recent funding round for EDX Markets. SBI’s participation underscores its commitment to expanding crypto market infrastructure, as evidenced by previous investments and acquisitions, such as its recent purchase of the crypto exchange Bitbank for $289 million. SBI’s backing is a testament to its belief in the future of institutional crypto markets.
Expansion Beyond Spot Trading
EDX Markets is not limiting its scope to spot trading. The company has introduced “FlowConnect,” a crypto-as-a-service product that allows financial firms to offer crypto trading to their customers. Additionally, EDX has applied for a U.S. national trust bank charter, which, if approved, would enable it to provide regulated custody, clearing, settlement, and risk management services for crypto clients.
Why Institutional Crypto Infrastructure Attracts Investment
The latest funding round reflects the continued investor interest in building robust institutional crypto infrastructure. Despite a bear market and softer digital asset trading volumes, companies like EDX Markets continue to attract substantial investments. The backing from traditional financial firms such as Citadel Securities, Fidelity Digital Assets, and Charles Schwab further highlights the potential growth opportunities within the institutional crypto space.
Frequently Asked Questions
What is the purpose of EDX Markets’ recent funding?
EDX Markets plans to use the $76 million raised to expand its spot trading, clearing, and settlement services, develop new products, and grow internationally.
Who led the funding round for EDX Markets?
The funding round was led by SBI Holdings, a Japanese financial group with a significant presence in the crypto sector.
What is unique about EDX Markets’ trading model?
EDX Markets uses a model that separates trading from custody and settlement through a central clearinghouse, designed to minimize counterparty risk, similar to traditional financial markets.
What is “FlowConnect” by EDX Markets?
“FlowConnect” is a crypto-as-a-service product introduced by EDX Markets, enabling financial firms to offer crypto trading services to their clients.
Related coverage
Sources
- CoinDesk – EDX Markets raises $76 million in funding round led by SBI Holdings
- CoinTelegraph – Institutional crypto exchange EDX lands $76M from SBI Holdings
