EDX Markets is an institutional cryptocurrency exchange. Backed by several prominent trading firmsâÂÂincluding Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial, Sequoia Capital, HRT Technology and Miami International HoldingsâÂÂEDX Markets offers trading in over 60 instruments, from leading products like Bitcoin and Ethereum to memecoins like Dogecoin and Shiba Inu. The firm seeks to incorporate best practices from high finance into the digital asset landscape.
EDX offers a non-custodial model, meaning that it does not hold clients' digital assets. The exchange began processing trades in June 2023.
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. EDX Markets selected Anchorage Digital to provide clearinghouse custody.
In 2024, EDX Markets moved away from MEMX technology and migrated to a proprietary matching engine located at the Equinix NY4 data center.
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 November 2024, EDX added trading support for two memecoins, Dogecoin and Shiba Inu.
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 April 2025, EDX Markets announced support for USD Coin (USDC) for collateral deposits and the settlement of U.S. dollar obligations.