EDX
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.
You can read about the announcement on Bloomberg and the Pantera Blog
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
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LETS MEET UP
Walks and coffee meetings in San Francisco throughout the year!
ABOUT ME
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.