EDX Raises $76M from SBI Holdings for Institutional Crypto Exchange

Institutional crypto exchange EDX has raised $76 million in a Series C funding round led by SBI Holdings, the Japanese financial conglomerate. The investment adds to a growing wave of institutional capital flowing into crypto market infrastructure, even as broader venture funding in the digital asset space has slowed.

The funding round underscores the demand for regulated, institutional-grade trading platforms in the crypto sector. EDX, which launched in 2022 with backing from major market makers and trading firms, provides a non-custodial exchange model that separates order matching from settlement. This structure appeals to institutional investors seeking to avoid the counterparty risks associated with centralized exchanges. The participation of SBI Holdings, a major player in traditional finance and crypto, signals confidence in the long-term viability of institutional crypto infrastructure. Traders can monitor the impact of such capital flows on market sentiment and liquidity through NowPrice's live crypto dashboard.

Looking ahead, the fresh capital will likely accelerate EDX's expansion into new markets and product offerings, including potential support for additional digital assets and derivatives. The deal also highlights the growing convergence between traditional finance and crypto, as established financial players like SBI continue to increase their exposure. Market participants will watch for further institutional adoption signals, such as ETF flows and exchange reserve data, which often correlate with broader market trends.