EDX Markets, the institutional crypto exchange, announced that it processed $36 billion in cumulative notional trades during 2024. Founding investors in EDX include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial. While the exchange was unveiled in 2022, it launched last year.
The company said it processed record trading volumes this week of $685 million during a 24 hour period. Its average daily volumes grew 59% in Q3 compared to a decline of 14.8% for Bitcoin and Ether in the broader market.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
