EDX Markets
- Company typePrivate
- Founded2022
- HeadquartersJersey City, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
EDX Markets firmographics
Firmographics- Name
- EDX Markets
- Legal name
- EDX Markets Holding Company Inc.
- Website
- https://edxmarkets.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
EDX Markets industry classification
Industry- Product category
- Institutional Crypto Exchange
- NAICS
- Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (523160), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)
- akta.pro secondary industries
- Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Market Making & Liquidity Provision (FSADAJAC), Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ), Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL)
Keywords
Where EDX Markets is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
EDX Markets business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others
Revenue model
- Transaction Fees: Fee-based revenue from trading transaction fees on spot exchange and perpetual futures. Fee schedule available for market makers and other participants.
- Revenue Sharing (FlowConnect): Revenue-sharing structures with crypto-as-a-service partners. No upfront fees for FlowConnect - partners grow together through transparent fee structure.
- Leverage Interest: Interest earned on eligible collateral deposits including USD and USDC. Qualified members can secure up to 5x leverage on deposits.
- Funding Rounds: Series A (June 2023) and Series B (January 2024) funding from institutional investors including Pantera Capital, Sequoia Capital, Miami International Holdings, and others.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard institutional trading fees |
| Other | Multi-year contract | FlowConnect Crypto-as-a-Service |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
EDX Markets product offering
Product offeringCore offering
EDX Markets operates an institution-only digital asset trading ecosystem spanning a US spot exchange, a Singapore-based perpetual futures venue, a central clearinghouse with daily net settlement, and a Singapore-based custody and settlement infrastructure. The company also offers FlowConnect, a white-label crypto-as-a-service platform that enables banks, brokerages, and fintechs to deploy crypto trading products on top of EDX infrastructure.
Product overview
EDX Markets operates a multi-venue institutional cryptocurrency trading ecosystem consisting of EDX Markets (US spot exchange), EDXM International (Singapore perpetual futures), EDXM Global (Singapore custody), and EDX Clearing (central clearinghouse). FlowConnect provides white-label crypto-as-a-service for institutional partners. The architecture separates trade matching, custody, and settlement functions to minimize conflicts and reduce systemic risk, with FIX protocol APIs enabling programmatic access.
Differentiator
Problem solved
Functional benefit
Brands
- FlowConnect: Crypto-as-a-service (CaaS) white-label platform enabling banks, brokerages, and fintech apps to launch crypto trading products with institutional-grade liquidity, clearing and settlement services.
- EDX Clearing
Products and services
- EDX Markets (Spot Exchange) US-based institution-only spot cryptocurrency trading venue providing deep liquidity from leading market makers, a central clearinghouse with daily net settlement, and bankruptcy-remote customer accounts for prime brokers, market makers, retail intermediaries and large financial institutions.
- EDXM International (Perpetual Futures Exchange) Singapore-based perpetual futures exchange for non-US institutions offering trading in Bitcoin, Ether and high-market-cap altcoins with leverage up to 8x+, powered by a central clearinghouse model and Smart Collateral Management.
- EDXM Global (Custody and Settlement) Singapore-based custody and settlement infrastructure for digital payment tokens, offering MPC and HSM-secured custody with 100% cold wallet infrastructure and SOC 2-aligned internal controls for institutional participants.
- EDX Clearing Digital asset clearinghouse providing central counterparty services, daily net settlement at noon ET, default fund protection, and riskless principal trading with separation of custody, asset management, and trade settlement functions.
- FlowConnect Crypto-as-a-Service (CaaS) white-label platform enabling financial institutions to launch crypto trading products under their own brand, providing institutional-grade liquidity, clearing and settlement services supporting spot trading, perpetual futures, and stablecoin on/off-ramp solutions.
- FIX Trading API Industry-standard FIX protocol connectivity providing market data (FIX Market Data Specifications, Binary Market Data Specifications), order entry (FIX Order Entry Specifications), and drop copy functionality with production and UAT environments for programmatic institutional trading access.
- Smart Collateral Management (SCM)
Quantifiable outcome
- Over $3.1 billion in transactions cleared since October 2023
- +3 more outcomes
Companies that use EDX Markets
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
EDX Markets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature7 records
EDX Markets partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core and strategic.
- Ripple PrimecoreRipple Prime integrated with EDX Markets and EDXM International, giving institutional clients unified access to spot and perpetual futures liquidity through a global multi-asset prime brokerage platform. Partnership enables credit intermediation, net settlement, and collateral management. Foundation for RLUSD stablecoin integration as settlement and collateral asset.
- WydencoreWyden integrated EDX Markets into its institutional liquidity network, enabling banking and brokerage clients to access EDX's central clearinghouse model for capital-efficient digital asset trading. Microsecond-level execution for 90+ digital asset instruments with fully automated trade lifecycle from pre-trade risk to post-trade settlement.
- KRWQcoreKRWQ launched world's first KRW stablecoin perpetual futures on EDXM International and listed on EDX Markets spot venue. Partnership targets $100B+ Korean won NDF and offshore KRW markets with onchain market structure.
- sFOXcoresFOX partnered with EDX Markets to enhance liquidity and execution for institutional crypto trading.
- LeveL MarketscoreStrategic partnership combining LeveL Markets' trading solutions with EDX Markets' digital asset trading and clearing ecosystem. Aims to lower barriers for traditional financial institutions accessing digital assets.
- Canton NetworkstrategicEDX Markets and Canton Network partnered to advance institutional adoption of digital assets. EDX will list Canton Coin and support stablecoin settlement on Canton, while operating as a network validator.
- NoncocoreNonco joined EDX Markets as market maker to expand institutional liquidity on the platform.
- Sage Capital ManagementcoreSage Capital Management partnered with EDXM International to deliver institutional access to differentiated perpetual futures liquidity.
- Virtu FinancialcoreVirtu Financial included in partner ecosystem to provide deep liquidity and competitive pricing for EDXM International perpetual futures platform launch.
- LTPcoreLTP integrated as full-service prime brokerage partner for EDXM International launch, driving essential liquidity for institutional clients.
- Hidden Road PartnerscoreHidden Road Partners provides modern prime brokerage platform for institutional-grade access to EDXM International perpetual futures.
- DV ChaincoreDV Chain supporting EDXM International launch as APAC market maker advancing liquidity and institutional-grade infrastructure.
- CoinRoutescoreCoinRoutes integrated with EDXM International providing best execution and faster, cheaper trading for institutional clients.
- Amber GroupcoreAmber Group providing global market maker liquidity and execution support for EDXM International perpetual futures launch.
- BitGocoreBitGo partnership set to strengthen institutional adoption of digital assets through enhanced custody integration.
- Spark SystemscorePartnered with KRWQ and Spark Systems for Korean won perpetual futures launch. Spark provides foreign exchange trading technology.
- Anchorage DigitalcoreSelected as custody provider for EDX's new clearinghouse business, providing institutional-grade crypto custody.
- Solidus LabscorePartnership with Solidus Labs to support best-in-class comprehensive transaction monitoring for EDX Markets.
- TaloscoreIntegration with Talos expanding access to institutional trading technology for digital assets on EDX platform.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
EDX Markets competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights7 records
Customer concentration
EDX Markets social profiles
Digital presenceEDX Markets compliance and trust
Trust signalCompliance5 records
EDX Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
EDX Markets leadership team
Management profileNumber of profiles
Profiles18 records
EDX Markets subsidiaries and ownership
Company hierarchySubsidiaries5 records
EDX Markets funding detail
Funding detailFunding overview
Funding rounds3 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EDX Markets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EDX Markets
What does EDX Markets do?
EDX Markets operates an institution-only digital asset trading ecosystem spanning a US spot exchange, a Singapore-based perpetual futures venue, a central clearinghouse with daily net settlement, and a Singapore-based custody and settlement infrastructure. The company also offers FlowConnect, a white-label crypto-as-a-service platform that enables banks, brokerages, and fintechs to deploy crypto trading products on top of EDX infrastructure.
Is EDX Markets a public or private company?
EDX Markets is a private company. It is classified as venture growth investor backed and is currently operating.
When was EDX Markets founded?
EDX Markets was founded in 2022. It employs 51 to 100 people.
Where is EDX Markets based?
EDX Markets is headquartered in Jersey City, United States, in the North America region.
How does EDX Markets make money?
Four revenue lines are on record. Transaction Fees are the primary driver. The others are revenue Sharing (FlowConnect), leverage Interest and funding Rounds.
Does EDX Markets have an API?
Yes. EDX Markets offers FIX protocol APIs for market data (FIX Market Data Specifications, Binary Market Data Specifications), order entry (FIX Order Entry Specifications), and drop copy functionality (FIX Drop Copy Specifications). The platform supports both production and UAT (User Acceptance Testing) environments with full technical documentation including XML dictionaries for FIX message types. Trading access is available via GUI (front-end trading application) or API (programmatic order entry and market data). Developer documentation is at edxmarkets.com/vr-edx-markets.
What industry is EDX Markets in?
EDX Markets's product category is Institutional Crypto Exchange. Its primary akta.pro industry code is FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine), with a secondary code of FSADAAAG, Crypto Custody & Exchange Wallet Services (Integrated). Its NAICS code is 523210 and its SIC code is 6200.