EDX (cryptocurrency exchange)

EDX
TypePrivate
Founded2022
Headquarters
Chicago
,
United States
Key peopleTony Acuña-Rohter (CEO)
ProductsOver 90 digital asset instruments
Websiteedxmarkets.com

EDX Markets, commonly known as EDX, is an institutional cryptocurrency exchange. It offers trading, settlement and clearing services globally.

History

EDX Markets was founded in 2022. Initially built on technology infrastructure powered by MEMX, the exchange began processing trades in June 2023, offering trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash at launch.

In 2023, EDX launched EDX Clearing, a central clearinghouse for trades. The clearinghouse was designed to support improved price competition, reduced settlement risk, and greater operational efficiency.

In January 2024, EDX Markets completed its series B round of funding, led by Pantera Capital and Sequoia Capital, for an undisclosed amount. The company said it would use the funding to expand outside the United States.

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.

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. 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.

References

  1. ↑ 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.
  2. ↑ "Citadel Securities-Backed Crypto Exchange EDX Drops Paxos for Anchorage". Bloomberg News. Retrieved 30 June 2023.(subscription required)
  3. ↑ Basar, Shanny (2024-01-25). "EDX Markets has Cleared More Than $3.1bn". Markets Media. Retrieved 2025-09-22.
  4. ↑ Ghosh, Suvashree (March 23, 2026). "Wall Street-Backed Crypto Exchange Takes Aim at Asia FX Market Using Won Stablecoin". Bloomberg. Retrieved April 13, 2026.{{cite web}}: CS1 maint: url-status (link)
  5. 1 2 "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.
  6. ↑ "Crypto Exchange Backed by Citadel Securities, Fidelity Goes Live". Bloomberg News. Retrieved 30 June 2023.(subscription required)
  7. 1 2 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.
  8. ↑ "Wall Street Is Launching a Crypto Exchange. Why That's a Threat to Coinbase". Barron's. Retrieved 30 June 2023.(subscription required)
  9. 1 2 "EDX Plans Asia Crypto Exchange With Funding From Sequoia and Pantera Capital". Bloomberg.com. 2024-01-23. Retrieved 2024-02-23.
  10. ↑ Doherty, Katherine (December 2, 2024). "Crypto Venue EDX Names Acuña-Rohter CEO as Nazarali Steps Aside". Bloomberg Law. Retrieved September 22, 2025.
  11. ↑ "EDX Markets launches FlowConnect™ to accelerate institutional crypto trading - Hedgeweek". 2026-02-02. Retrieved 2026-04-13.
  12. ↑ Smith, Paige; Doherty, Katherine (April 1, 2026). "Citadel Securities-Backed Crypto Exchange Seeks Bank Charter". Bloomberg. Retrieved April 13, 2026.{{cite web}}: CS1 maint: url-status (link)