EDX Plans Asia Crypto Exchange With Funding From Sequoia and Pantera Capital
- Firm to open Singapore exchange after getting fresh financing
- Bitcoin ETF approval draws new institutional-investor interest
The EDX Markets website.
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EDX Markets, the crypto-trading venue backed by Citadel Securities and Fidelity Digital Assets, is building an exchange in Singapore and expanding to offer spot and perpetual futures after securing additional financing from investors.
The company completed a second funding round co-led by new investor Pantera Capital and existing backer Sequoia Capital, according to Chief Executive Officer Jamil Nazarali. The capital will be used to build new technology and expand EDX’s presence in new markets abroad, he said, declining to disclose the exact size of the Series B funding.