TLDR:
- EDX Markets, a digital asset marketplace based in Hoboken, NJ, has raised an undisclosed amount of funding in a Series B round led by Pantera Capital and Sequoia Capital.
- The funds will be used to expand operations and business reach.
- EDX Markets is a digital asset marketplace designed for both crypto native firms and financial institutions. It launched trading in June 2023 and is backed by major financial institutions such as Citadel Securities and Charles Schwab.
- The company has also announced the launch of its digital asset clearinghouse, EDX Clearing.
EDX Markets, a digital asset marketplace based in Hoboken, NJ, has closed its Series B funding round, raising an undisclosed amount of funding. The round was led by Pantera Capital and Sequoia Capital. The company plans to use the funds to expand its operations and increase its business reach.
EDX Markets is a digital asset marketplace specifically designed to meet the needs of both crypto native firms and financial institutions. The platform enables efficient trading of digital assets by leveraging practices from financial markets on a purpose-built crypto platform. The company launched its trading platform in June 2023 and has gathered support from major financial institutions, including Citadel Securities, Fidelity Digital Assets, Virtu Financial, and Charles Schwab. It is also backed by investors such as Pantera Capital, Sequoia Capital, Paradigm, and others.
In addition to the funding news, EDX Markets has also announced the launch of its digital asset clearinghouse, EDX Clearing. This clearinghouse will further enhance the efficiency and transparency of the platform, offering users a trusted and secure environment for trading digital assets.
Jamil Nazarali, CEO of EDX Markets, expressed his excitement about the funding round and the support from Pantera Capital. He stated, “Pantera’s investment in EDX demonstrates the success of our model and ability to attract quality investors to EDX. We are thrilled to have Pantera back EDX on our mission to be the most competitive, transparent, trusted, and efficient digital asset market.”
With the Series B funding, EDX Markets is well-positioned to continue its growth and expansion in the digital asset marketplace. The company aims to provide a competitive, transparent, trusted, and efficient platform for trading digital assets, catering to both crypto native firms and traditional financial institutions.
