EDX Lands $76M from SBI Holdings as Institutional Investors Continue to Back Crypto Market Infrastructure

EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings, marking one of the larger funding rounds this year for crypto market infrastructure as institutional adoption continues to expand. The company said Monday it will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally. EDX operates a US-focused institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutional clients. The latest round builds on previous backing from traditional financial companies, including Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, highlighting continued investor appetite for institutional crypto infrastructure despite a slower venture funding market. EDX has quietly expanded its institutional footprint over the past year. In May, Ripple Prime integrated with the exchange, allowing institutional clients to access EDX's spot and perpetual futures liquidity through Ripple's prime brokerage platform, with the companies also planning to support RLUSD as a settlement and collateral asset. The exchange has processed as much as $685 million in daily trading volume, underscoring growing demand for institutional crypto trading venues. EDX CEO'su,