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EDX Markets Launches Clearinghouse for Crypto Trading and Announces Completion of Series B Funding Round

Jan 23, 2024almost 2 years ago
HobokenFinancial Services

Investors

ParadigmMiami International HoldingsHrt TechnologyGtsGsr Markets LtdDv CryptoCharles SchwabVirtu FinancialFidelity Digital Assets SmCitadel SecuritiesSequoia CapitalPantera Capital

Description

EDX Markets announced the successful launch of its digital asset clearinghouse, EDX Clearing, and the completion of its Series B investment round, with new investor Pantera Capital co-leading with founding investor Sequoia Capital. The new funding will support EDX as it continues to develop its technology and will fund EDX’s global expansion.

Company Information

Company

EDX Markets

Location

Hoboken, New Jersey, United States

About

EDX Markets (EDX) is a leading digital asset marketplace designed to meet the needs of both crypto-native firms and the world's largest financial institutions. It enables safer, faster, and more efficient trading of digital assets, leveraging best practices from traditional financial markets on a purpose-built crypto platform.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers