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EDX Markets

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EDX Markets
Company typePrivate
Founded2022
Headquarters
Chicago
,
United States
Key people
Tony Acuña-Rohter (CEO)
ProductsOver 60 digital asset instruments
Websiteedxmarkets.com

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.

History

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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].

See also

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References

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  1. ^ "Citadel Securities-Backed Crypto Exchange EDX Drops Paxos for Anchorage". Bloomberg News. Retrieved 30 June 2023.(subscription required)
  2. ^ Basar, Shanny (2024-01-25). "EDX Markets has Cleared More Than $3.1bn". Markets Media. Retrieved 2025-09-22.
  3. ^ "VR - EDX Markets". EDX. Retrieved 2025-09-22.
  4. ^ "XRP, SOL, Trump Coin Among Tokens Added at EDX Markets". CoinDesk. Retrieved 2025-09-22.
  5. ^ a b "EDX Markets goes meme and launches SHIB and DOGE". Finance Feeds. Retrieved 29 January 2025.
  6. ^ a b "Crypto exchange EDX takes its tech into its own hands - WatersTechnology.com". www.waterstechnology.com. 2025-04-22. Retrieved 2025-09-22.
  7. ^ Quiroz-Gutierrez, Marco. "'Bringing some of the investor protections to it': How EDX Markets is embracing TradFi to become the safest bet in crypto". Fortune Crypto. Retrieved 2025-09-22.
  8. ^ "Crypto Exchange Backed by Citadel Securities, Fidelity, Schwab Starts Operations". The Wall Street Journal. Retrieved 30 June 2023.(subscription required)
  9. ^ a b "Crypto Exchange Backed by Citadel Securities, Fidelity Goes Live". Bloomberg News. Retrieved 30 June 2023.(subscription required)
  10. ^ a b "Digital Asset Exchange EDX Markets Launches with Backing from Leading Broker-Dealers, Global Market Makers and Venture Capital Firms". www.businesswire.com. 2022-09-13. Retrieved 2024-02-23.
  11. ^ a b Frankjkovic, Teuta (26 June 2023). "What is EDX? Here's Everything We Know About Wall Street-Backed Crypto Exchange". ccn.com. Retrieved 23 February 2024.
  12. ^ "Wall Street Is Launching a Crypto Exchange. Why That's a Threat to Coinbase". Barron's. Retrieved 30 June 2023.(subscription required)
  13. ^ "Fidelity-backed EDX selects Anchorage Digital for clearinghouse custody". The Block. Retrieved 2025-09-22.
  14. ^ a b "EDX Plans Asia Crypto Exchange With Funding From Sequoia and Pantera Capital". Bloomberg.com. 2024-01-23. Retrieved 2024-02-23.
  15. ^ Doherty, Katherine (December 2, 2024). "Crypto Venue EDX Names Acuña-Rohter CEO as Nazarali Steps Aside". Bloomberg Law. Retrieved September 22, 2025.
  16. ^ EDX (2025-04-22). "Stablecoin Efficiency in Action: USDC Now Live on EDX for Collateral and Settlement". EDX. Retrieved 2025-09-22.
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