EDX Markets has experienced significant growth in 2024, reporting over $36 billion in trading volume from institutional clients. The exchange's average daily volume increased by 59% in the third quarter of this year. In October alone, EDX's proprietary matching engine processed more than 2 million trades and over 2.6 billion orders. Founded in 2022, EDX was established with backing from notable firms such as Charles Schwab, Fidelity Digital Assets, and Sequoia Capital. The exchange focuses on serving institutional clients, aiming to integrate traditional banking expertise with digital asset services. Amid increased institutional interest, a report indicated that asset managers plan to allocate between 1% to 5% of their portfolios to digital assets, anticipating a rise to 7% by 2027. Major financial institutions have also entered the crypto space, enhancing services catering to this demand, despite regulatory concerns. Recent developments highlight investment and custodial offerings from firms like BNY Mellon and DZ Bank. The evolving landscape indicates a growing acceptance of cryptocurrencies among traditional finance sectors.

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