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SBI leads $76m Series C for institutional crypto trading venue EDX Markets – Ledger Insights

SBI leads $76m Series C for institutional crypto trading venue EDX Markets – Ledger Insights

Today EDX Markets, the institutional digital asset trading venue backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, announced the closing of a $76 million Series C funding round led by SBI Holdings. The proceeds will support the expansion of EDX’s trading, clearing and settlement capabilities and its global operations.

For SBI the investment caps a fortnight of repositioning its crypto portfolio. Last week the Japanese financial group agreed to acquire crypto exchange Bitbank for ¥46.7 billion ($289 million). Combined with its existing SBI VC Trade exchange, the group will have the highest client assets on…

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