EDX Markets Secures $76M Funding Round Led by SBI Holdings

EDX Markets, the institutional cryptocurrency exchange backed by major Wall Street firms, has raised $76 million in a new funding round led by Japanese financial giant SBI Holdings, according to a report from CoinDesk. The capital infusion marks a significant vote of confidence in the platform as it looks to expand its footprint in the competitive digital-asset trading landscape.

SBI Holdings, one of Japan's largest financial services conglomerates with deep roots in both traditional finance and crypto investment, took the lead position in the round. The participation of such an established institution underscores a broader trend of legacy financial players doubling down on cryptocurrency infrastructure even amid ongoing regulatory uncertainty in the United States.

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EDX Markets was originally launched with backing from prominent Wall Street names and was designed to offer institutional investors a compliant, trusted venue for trading digital assets — a model that differentiates it from retail-focused crypto exchanges. The $76 million raise suggests the platform is gaining traction as institutions seek regulated alternatives to exchanges that have faced scrutiny from U.S. regulators.

The funding round arrives at a pivotal moment for the crypto industry, which has seen renewed institutional momentum following the approval of spot Bitcoin ETFs in the U.S. earlier this year. Exchanges and infrastructure providers that cater to professional investors stand to benefit as traditional finance allocators increase their exposure to digital assets through regulated channels. EDX's model — which separates the roles of exchange and custodian — has been seen as a key structural advantage in navigating the regulatory environment.

Continue reading at CoinDesk.