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Generated by AI from the 3 sources below · always verify with the originals
The full picture
AI-synthesised from 3 sources · no editorial bias
EDX Markets, an institutional crypto exchange, has successfully raised $76 million in a Series C funding round, with Japan’s SBI Holdings serving as the sole investor. This significant investment illustrates SBI Holdings' commitment to supporting crypto market infrastructure, even amidst a general slowdown in venture investments across the digital asset sector.
The funding will aid EDX Markets in enhancing its model, which separates trading from custody through a central clearinghouse designed to minimize counterparty risk for institutional clients. This strategic focus on creating a secure trading environment is tailored to meet the needs of institutional investors looking to engage with the evolving cryptocurrency landscape.
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