In 2024, EDX Markets marked significant growth in trading activity, reaching $36 billion. The platform has drawn the attention of institutional clients through its integration of traditional finance approaches and digital asset solutions.
EDX Markets' Growing Interest
In October, the platform processed over 2 million trades and more than 2.6 billion orders. The third quarter of 2024 recorded a 59% rise in average daily volumes compared to previous quarters, indicating strong demand from brokers and market makers using EDX amidst a changing crypto landscape.
Institutional Digital Asset Market
According to a recent report from The Economist, institutional investors are set to increase digital asset allocations in their portfolios to 7% by 2027, up from the current 1-5%. Companies like EDX are offering specialized services tailored to institutional client needs, including trading, clearing, and custody services.
Future of Institutional Crypto Adoption
Besides EDX, other financial giants are also showing interest in digital assets. Examples include BNY Mellon and DZ Bank, which are implementing solutions for asset custody and tokenization. EDX and its partners, such as Charles Schwab and Fidelity Digital Assets, are betting on long-term growth by adapting platforms to meet the demands of professional investors.
EDX Markets' success highlights the growing interest in digital assets among institutional investors, despite ongoing regulatory uncertainties. The continuation of this trend will depend on adapting technology and approaches to meet the needs of professional market participants.
