#105 of 115 in the US ranking · Institutional
EDX Markets Review (October 2026): Fees, US States and Licenses
Best for: Institutional spot trading
4.2/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee0.04%
- US states— Not verified
- New York— Not verified
- Coins67
- CustodyNon-custodial
- App Store— Not verified
Our verdict
EDX Markets operates an institution-only US spot crypto venue with a central clearinghouse and once-daily net settlement; members keep assets with a custodian of their choice. EDX states it does not onboard or accept deposits from retail customers. It is backed by large Wall Street trading firms and brokerages, raised a $76 million Series C in July 2026, and applied for a national trust bank charter in April 2026.
Pros
- Non-custodial model with central clearinghouse and daily net settlement
- Members choose their own third-party custodian
- $76 million Series C led by SBI Holdings, July 2026
Cons
- Retail customers cannot open an account
- Not registered with the SEC, FINRA or CFTC
- Fee schedule and membership minimums are not published
EDX Markets fees
- Maker / taker
- 0.00% / 0.04%
- Simple buy
- — Not verified
- Volume tiers
- Institutional tier 1 (<$10M monthly volume): 0.00% maker / 0.040% taker; taker falls to 0.0175% above $500M and to 0.0075% in the Maker program; membership, market data and wire fees waived (schedule dated Feb 1, 2026)
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- — Not verified
- Crypto withdrawal
- — Not verified
- Minimum deposit
- — Not verified
Is EDX Markets available in my state?
EDX's website states it 'does not onboard or accept any deposits from retail customers'; the spot venue is institution-only (viewed Oct 2026).
The list of states this platform serves is not verified yet.
- New York
- — Not verified
- ID check (KYC)
- Yes
- Withdraw crypto
- Yes
- Funding
- — Not verified
Is EDX Markets regulated?
- US operator
- EDX Markets (spot venue) with EDX Clearing (clearinghouse)
- Parent company
- Privately held; investors include Citadel Securities, Fidelity Digital Assets, Charles Schwab, Paradigm, Sequoia Capital, Virtu Financial and SBI Holdings (Series C lead, July 2026)
- State licenses
- — Not verified
- New York license
- — Not verified
- Other
- EDX states that EDX Markets and EDX Clearing are not registered with, or examined by, the SEC, FINRA or the CFTC; it applied to the OCC for a national trust bank charter in April 2026 (outcome not confirmed)
- Founded
- 2022
- Headquarters
- Chicago, IL, USA
How secure is EDX Markets?
- Proof of reserves
- N/A (non-custodial)
- Audits
- — Not verified
- Insurance
- — Not verified
Incidents since 2019
None found in the sources checked.
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on EDX Markets
- Spot
- Advanced trading
- Margin
- OTC desk
Institution-only spot venue with central clearing and once-daily net settlement; qualified members can get up to 5x leverage on deposit; an RFQ service is offered. EDX Derivatives (perpetual futures) is described as an international venue and FlowConnect is a white-label crypto-as-a-service product for institutions.
- Apps
- —
- Support
- — Not verified
EDX Markets FAQ
What are EDX Markets's fees?
On its order-book screen EDX Markets charges 0.00% maker and 0.04% taker at the base tier.
Is EDX Markets regulated in the US?
US customers are served by EDX Markets (spot venue) with EDX Clearing (clearinghouse).
Can I withdraw crypto from EDX Markets to my own wallet?
Yes. EDX Markets lets US users send crypto to an external wallet.
Does EDX Markets require ID verification?
Yes. EDX Markets verifies your identity before you can trade.
How many cryptocurrencies can I trade on EDX Markets?
About 67 cryptocurrencies are available to US users, per EDX Markets's official asset list.
Alternatives to EDX Markets
BitGo#97 · Institutional custody4.7
Anchorage Digital#99 · Federally chartered institutional custody4.4
Zero Hash#100 · Embedded crypto for platforms4.4
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.