EDX Markets Completes $76M Series C Funding Round Led by SBI Holdings

According to PANews, cryptocurrency exchange EDX Markets announced on July 7 that it completed $76 million in Series C funding led by Japan-based financial group SBI Holdings. The funding will support expansion of institutional digital asset trading, clearing, and settlement capabilities, along with product development and global business expansion.

EDX has launched its "EDX FlowConnect" crypto-as-a-service product earlier this year and submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for establishing EDX Trust, a regulated custodial and clearing institution offering custody, clearing, settlement, and risk management services to institutions.