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EDX Markets
Cryptocurrency company in New Jersey, US From Wikipedia, the free encyclopedia
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EDX Markets is an institutional cryptocurrency exchange. Backed by several prominent trading firms—including Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial, Sequoia Capital, HRT Technology and Miami International Holdings[1][2]—EDX Markets offers trading in over 60 instruments, from leading products like Bitcoin and Ethereum to memecoins like Dogecoin and Shiba Inu.[3][4][5] The firm seeks to incorporate best practices from high finance into the digital asset landscape.[6][7]
EDX offers a non-custodial model, meaning that it does not hold clients' digital assets.[8][9] The exchange began processing trades in June 2023.
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EDX Markets was founded in 2022.[10] Initially built on technology infrastructure powered by MEMX[10], the exchange began processing trades in June 2023, offering trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash at launch.[9]
In 2023, EDX launched EDX Clearing, a central clearinghouse for trades and began processing trades in June 2023.[11][12] The clearinghouse is designed to support improved price competition, decreased settlement risk and increased operational efficiency.[11] EDX Markets selected Anchorage Digital to provide clearinghouse custody.[13]
In 2024, EDX Markets moved off MEMX technology and migrated to a proprietary matching engine located at the Equinix NY4 data center.[6]
In January 2024, EDX Markets completed its series B round of funding led by Pantera Capital and Sequoia Capital, for an undisclosed amount.[14] The company plans to use the funding to expand outside of the US.[14] In November 2024, EDX added trading support for two memecoins, Dogecoin and Shiba Inu.[5]
In December 2024, Tony Acuña-Rohter was named CEO of EDX Markets. Acuña-Rohter was previously the firm’s Chief Technology Officer.[15]
In April 2025, EDX Markets announced its support for USD Coin (USDC) for collateral deposits and settlement of USD obligations[16].
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