Institutional Crypto Exchange EDX Secures $76M Funding from SBI Holdings

EDX, a crypto exchange targeting institutional investors, has successfully raised $76 million in a funding round led by SBI Holdings. This investment signals strong confidence from established financial entities in the growth and stability of crypto infrastructure. Despite a slowdown in venture investments across the digital asset sector, institutional investors remain committed to supporting core infrastructure projects. EDX's focus on serving institutional clients positions it as a key player in the evolving crypto ecosystem. The funding will likely be used to expand platform capabilities and enhance security features, aiming to attract more institutional participants.