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EDX Markets trading volumes exceed $36 billion in 2024

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3 hours ago

EDX Markets reported that its trading volumes exceeded $36 billion in 2024, driven by active trading from institutional clients.

Growth in Trading Volumes

According to EDX Markets, its average daily volumes rose by 59% over the third quarter of this year. EDX's proprietary matching engine processed over 2 million trades and over 2.6 billion orders in October.

Supported by Major Firms

Founded in 2022, the company is backed by many top Wall Street firms, including Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Sequoia Capital.

Expansion of Institutional Services

Institutional investors are set to increase digital asset allocations in their portfolios to 7% by 2027. Currently, asset managers dedicate between 1% and 5% of their portfolios to digital assets.

Despite regulatory challenges, the crypto industry continues to attract traditional companies seeking to offer their services to institutional clients.

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