EDX Markets raises $76 million in funding round led by SBI Holdings

60-second summary

EDX Markets is currently raising $76 million in a funding round led by SBI Holdings, a Japanese financial services giant. EDX's innovative model targets institutional clients by separating trading from custody through a central clearinghouse, minimizing counterparty risk. This strategic move aims to capture a significant share of the growing institutional crypto market, potentially disrupting traditional finance and increasing adoption.