EDX Markets Launches Clearinghouse for Crypto Trading and Announces Completion of Series B Funding Round
Summary
EDXC significantly reduces credit risk for its members by functioning as a central counterparty.The launch of EDX Clearing comes as the company closed its Series B funding round that welcomed Pantera Capital as an equity investor, and included original founding consortium members Citadel Securities, Fidelity Digital AssetsSM, Virtu Financial, and Sequoia Capital. Other investors in EDX include Charles Schwab, DV Crypto, GSR Markets LTD, GTS, HRT Technology, Miami International Holdings and Paradigm. We expect the impact to increase moving forward, positioning us to capitalize on this new wave of institutional growth accelerated by the recent approval of spot BTC ETFs in the U.S, said Jamil Nazarali, CEO of EDX. With its capitally efficient product, best in class risk management, and backing from global financial heavyweights, EDX is primed to usher in a new era of institutional crypto trading. EDX enables safer, faster, and more efficient trading of digital assets, leveraging best practices from traditional financial markets on a purpose-built crypto platform.