EDX Markets
From Wikipedia, the free encyclopedia
 | |
| Company type | Private |
|---|---|
| Founded | 2022 |
| Headquarters | , United States |
Key people | Tony Acuña-Rohter (CEO) |
| Products | Over 90 digital asset instruments |
| Website | edxmarkets |
EDX Markets is an institutional cryptocurrency exchange. Backed by several prominent financial firms—including Citadel Securities, Virtu Financial, Fidelity Digital Assets, Charles Schwab Corporation, Sequoia Capital, HRT Technology and Miami International Holdings[1][2]—EDX Markets offers trading, settlement and clearing services globally.[3]
Its U.S.-based spot exchange supports trading in over 90 instruments, from leading products like Bitcoin and Ethereum to memecoins like Dogecoin and Shiba Inu.[4][5][6] Its Singapore-based perpetual futures exchange lists over 60 coins in which clients can access synthetic markets.[7] The firm seeks to incorporate best practices from leading traditional finance firms into the digital asset landscape.[8][9]
The exchange began processing trades in June 2023. In December 2025, its average daily volumes reached roughly $200 million.[10]
EDX Markets was founded in 2022.[11] Initially built on technology infrastructure powered by MEMX,[11] the exchange began processing trades in June 2023, offering trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash at launch.[12]
In 2023, EDX launched EDX Clearing, a central clearinghouse for trades.[13][14] The clearinghouse was designed to support improved price competition, reduced settlement risk, and greater operational efficiency.[13] EDX Markets selected Anchorage Digital to provide clearinghouse custody.[15]
In 2024, EDX Markets moved away from MEMX technology and migrated to a proprietary matching engine located at the Equinix NY4 data center.[8]
In January 2024, EDX Markets completed its series B round of funding, led by Pantera Capital and Sequoia Capital, for an undisclosed amount.[16] The company said it would use the funding to expand outside the United States.[16] In November 2024, EDX added trading support for two memecoins, Dogecoin and Shiba Inu.[6]
In December 2024, Tony Acuña-Rohter was named chief executive officer of EDX Markets. He had previously served as the firm's chief technology officer.[17]
In April 2025, EDX Markets announced support for USD Coin (USDC) for collateral deposits and the settlement of U.S. dollar obligations.[18]
In February 2026, EDX Markets launched FlowConnect, a crypto-as-a-service platform designed to help firms launch their own digital asset trading products on white-labeled EDX technology.[19] Offerings at launch included spot trading, perpetual futures trading, clearing and stablecoin on- and off-ramp workflows.
In April 2026, EDX Markets submitted an application with the Office of the Comptroller of the Currency to become a national trust bank.[20] The new status would enable EDX to deliver custody, asset management and principal trading services while keeping its client order matching services segregated.
