EDX Markets, an institutional-focused cryptocurrency exchange, has closed a $76 million funding round, according to multiple outlets. CoinDesk and Cointelegraph say the round is led by Japan’s SBI Holdings, while The Block reports SBI Holdings is the sole investor in the Series C. The company’s business model is designed for institutional clients by separating trading from custody and using a central clearinghouse to help reduce counterparty risk.
The reports also place the raise in the broader context of crypto market infrastructure investment. Cointelegraph notes that institutional investors continue to back market-building projects even as overall venture investment in the digital asset sector slows. Across sources, the key details are the funding amount, the role of SBI Holdings, and the positioning of EDX as a platform aimed at institutional customers through its trading and custody structure and clearinghouse approach.
