EDX Raises $76M Series C Led by SBI as Institutional Crypto Grows
EDX Markets secured a $76 million Series C funding round led by SBI Holdings, aiming to expand its institutional spot and derivatives exchange. With backing from Citadel, Fidelity, and Schwab, the raise underscores sustained investment in crypto market infrastructure amid expanding institutional adoption.
Quick Take
EDX raised $76M in Series C led by Japan's SBI Holdings.
Funds will expand spot, clearing, settlement, and international services.
EDX has processed up to $685M in daily volume, signaling demand.
Other startups like Framework Ventures and Fomo also raised significant funds.
Market Impact Analysis
BullishSignificant funding for institutional-grade exchange signals deepening traditional finance involvement, likely to boost market credibility and liquidity.
Speculation Analysis
Key Takeaways
- EDX Markets raised $76 million in Series C funding led by Japan's SBI Holdings.
- Capital will fuel expansion of spot, derivatives, clearing, and settlement services.
- The institutional exchange has processed up to $685 million in daily volume.
- Backing from Citadel, Fidelity, and Schwab highlights deepening TradFi involvement.
- Broader crypto infrastructure funding remains robust despite softer trading volumes.
What Happened
Institutional crypto exchange EDX Markets closed a $76 million Series C funding round led by SBI Holdings. The fresh capital will accelerate the platform’s expansion into spot trading, derivatives, clearing, and settlement, while fueling international growth. EDX currently operates a US-focused spot exchange and a Singapore-based perpetual futures venue for non-US institutions. The raise underscores sustained conviction in compliant market infrastructure, even as broader crypto venture funding remains subdued. With founding backers like Citadel Securities, Fidelity Digital Assets, and Charles Schwab, EDX has quietly become a cornerstone for traditional finance’s deepening crypto engagement.
The Numbers
EDX has processed as much as $685 million in daily trading volume, reflecting strong institutional demand. The $76 million Series C adds to previous undisclosed rounds from Wall Street giants. Beyond EDX, crypto infrastructure continues to draw capital: Framework Ventures recently closed a $400 million fund targeting blockchain and DeFi, while cross-chain startup Fomo raised $75 million at a $550 million valuation. These commitments signal that investors are betting on long-term adoption, betting that compliant venues will capture a growing share of traditional finance activity as the US regulatory landscape improves.
Why It Happened
Institutional investors increasingly require regulated, transparent venues that mirror traditional market structure. EDX, with its non-custodial model and backing from established financial firms, meets that demand. The funding round also coincides with a more favorable US regulatory outlook, which is expected to unlock further institutional participation. Despite a lull in spot crypto volumes, the infrastructure layer is seeing continued investment — a bet that the next wave of adoption will be driven by institutions moving from cautious exploration to full-scale integration.
Broader Impact
EDX’s raise is a bellwether for institutional crypto infrastructure. It validates the thesis that traditional finance will increasingly rely on purpose-built venues for digital asset trading. The exchange’s cross-border expansion, including its Singapore-based perpetuals market, points to growing global institutional appetite. As compliance-focused platforms mature, they could accelerate mainstream adoption and improve market liquidity, potentially reducing volatility over time.
What to Watch Next
- International expansion: Monitor EDX’s rollout in new jurisdictions and partnerships similar to the Ripple Prime integration.
- Product launches: New derivatives or settlement products could signal which asset classes institutions are targeting next.
- Regulatory developments: US policy shifts may open doors for more TradFi firms to enter the market, potentially triggering a new wave of infrastructure funding.
This article is for informational purposes only and does not constitute financial advice.
Always late to trends?
Join for the latest news, insights & more.
Disclaimer: Bytewit is an independent media outlet that delivers news, research, and data.
© 2026 Bytewit. All Rights Reserved. This article is for informational purposes only.
