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THE BLOCK: Institutional crypto exchange EDX Markets raises $76M in Series C led by SBI Holdings

AI Market Summary
EDX Markets' $76M Series C led by SBI Holdings underscores continued institutional commitment to crypto market infrastructure. With prior backing from major financial firms, the disclosed raise reinforces confidence in regulated, institution-focused trading venues and could support near-term risk appetite across large-cap crypto by improving perceived market depth, connectivity, and counterparty credibility.
Impact level
● Medium
Affected assets
BTC/USDT+0.68%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
THE BLOCK: EDX Markets, an institutional-focused crypto exchange, has raised $76 million in a Series C funding round led by SBI Holdings. The company did not say whether any other investors joined the round. It marks the first time EDX has publicly disclosed the size of one of its funding rounds. Earlier financings were not disclosed, though the company has previously counted Charles Schwab, Citadel Securities, Fidelity Investments, Sequoia Capital and Paradigm among its backers.
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