EDX Crypto Exchange Raises $76M Led by SBI Holdings
Institutional crypto exchange EDX has secured $76M from SBI Holdings, signaling continued confidence in crypto market infrastructure.
If you've been wondering whether big money is still flowing into crypto, here's your answer: EDX Markets, an institutional-focused cryptocurrency exchange, just closed a $76 million funding round with Japan's SBI Holdings leading the charge. That's a serious vote of confidence from one of Asia's most prominent financial services firms.
EDX isn't your everyday retail trading app — it's built specifically for institutional players like hedge funds, market makers, and professional trading desks. Think of it as the crypto exchange that Wall Street types actually want to use, with the compliance guardrails and infrastructure to match. That positioning matters a lot right now, as regulators worldwide are paying close attention to how digital assets get traded.
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What makes this round noteworthy is the timing. Venture capital investment across the broader digital asset space has cooled considerably compared to the crypto boom years, making a $76 million raise stand out even more. Institutions backing market infrastructure — rather than speculative tokens — suggests investors are betting on the plumbing of crypto rather than the pipes running through it.
SBI Holdings is no stranger to the crypto world, having made several strategic bets on blockchain and digital asset businesses across Asia. Their participation here arguably lends EDX a layer of credibility that pure crypto-native backers might not provide, especially when courting risk-averse institutional clients who need to answer to compliance teams and boards.
For the average investor watching from the sidelines, this is a useful signal: even as retail enthusiasm has ebbed and flowed, the infrastructure layer of crypto continues attracting heavyweight capital. The smart money, it seems, is quietly building the roads while everyone else debates where the cars are going. Continue reading at Cointelegraph.
