VeradiVerdict - Issue #282
Pantera Capital and Sequoia Capital co-led the Series B round of EDX Markets, an institutional non-custodial exchange that is expanding into the international markets.
Here’s my tweet thread on why we’re excited!
I’m excited that Pantera Capital and Sequoia are co-leading the Series B of EDX Markets with other great partners Fidelity, Charles Schwab, Virtu Financial, and Citadel
We believe that EDX Markets reduces counterparty risk for institutions through its non-custodial clearing model. In addition, there is increased capital and operational efficiency
With backing from global financial heavyweights and a high-performance matching engine, $3.1 billion in notional has been traded since launch
In conjunction with this round of funding, the company plans to expand internationally, both in spot and derivatives, the latter being a tremendous market and where the team has expertise/experience
There is no better team to serve institutional clients, so we know the future of institutional crypto trading is in great hands with Jamil and his team at EDX
Feel free to direct message me if you are interested in partnering with EDX.
- Paul Veradittakit
From meme coins to NFTs, here are all the biggest and zaniest crypto projects tied to U.S. elections.
As a financial advisor, it is crucial to understand that there is no one-size-fits-all approach to crypto custody. Instead, the most suitable solution depends on your client’s specific needs, goals, and risk appetite.
Grayscale and BlackRock are among the companies trying to bring spot ether ETFs to market.
Another day, another airdrop. About half a million Ethereum wallets can claim the AltLayer (ALT) token now.
The United States plans to sell a substantial stash of Bitcoin forfeited by a convicted Silk Road drug trafficker from Maryland.
NEW PRODUCTS AND HOT DEALS
The funding will go towards further developing the protocol and adding new hires. Axiom allows smart contract developers to access historical data from Ethereum and then perform intensive computations off-chain.
Developers will run through Dencun on the Sepolia and Holesky testnets on Jan. 30 and Feb. 7, putting the upgrade on track to reach the main network in late February or early March.
LETS MEET UP
Walks and coffee meetings in San Francisco throughout the year!
Hi, I’m Paul Veradittakit, a Managing Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.
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