💼 EDX Markets raises $76 million in funding—rise of an institutional-grade crypto exchange
Who led the investment?
SBI Holdings—one of Japan’s largest financial services groups and a long-term strategic shareholder of Ripple.
Who is EDX?
Founded by personnel with backgrounds from top financial institutions such as Citadel Securities, Fidelity Digital Assets, and Charles Schwab.
The core model: trading and custody are completely separated.
What does that mean?
Traditional crypto exchanges (e.g., Coinbase, Binance) do both matching (order execution) and custody—one of the root causes behind the collapse of FTX (the coins you have there can be used for business).
EDX separates the two things end to end:
• EDX only performs order matching
• Asset custody is handled by an independent licensed institution
• Settlement is processed through a central clearinghouse to eliminate counterparty risk
This is exactly what institutional investors need—they don’t just need the lowest fees; they need compliant, trustworthy safety.
With SBI Holdings stepping in, the pathway for Japanese institutions to enter crypto has been opened.
Do you think “institutional-grade exchanges” will be the next breakout track?👇
#ETH #EDX #BinanceSquare