SBI Holdings Backs EDX's Institutional Crypto Push With $76M

What happened

EDX Markets closed a $76 million Series C funding round led by Japan's SBI Holdings, its sole investor. The institutional crypto exchange plans to use the capital to expand trading, clearing and settlement services and grow internationally.

Confirmed

Global impact / market context

EDX Markets received $76 million from SBI Holdings, giving the exchange cash to add more trading, clearing and settlement tools and to expand into new countries, which could boost its role in institutional crypto trading.

Confirmed

Institutional crypto platforms are racing to offer full‑service trading and settlement as regulators tighten rules. Funding rounds like this show investors still see growth potential in regulated crypto markets.

Analyst inference

What to watch

1. How quickly EDX deploys the capital to launch new clearing and settlement capabilities, which could attract more institutional clients seeking lower‑risk crypto trades. Proposed
2. EDX’s progress in entering foreign markets, especially regions where SBI already has a presence, which may affect local competition and partnership opportunities. Proposed
3. Regulatory responses in Japan and other jurisdictions to EDX’s expanded services, as tighter rules could either enable or limit its growth plans. Analyst inference

Affected assets

• EDX — edeXa

Evidence

• coinpaprika.com