In 2024, crypto exchange EDX Markets has experienced a surge in trading activity, with over $36 billion in volume from institutional clients since January. The platform reported a 59% increase in average daily volume in the third quarter. EDX's proprietary matching engine processed more than 2 million trades and 2.6 billion orders in October. Established in 2022, the company is supported by top Wall Street firms like Charles Schwab and Fidelity Digital Assets. Targeting institutional clients, EDX aims to blend traditional banking expertise with digital asset solutions. The rise of institutional interest in digital assets is evident, with reports suggesting a potential 7% allocation by 2027. Major players like Ripple, Coinbase, BNY Mellon, and State Street are introducing services to cater to this growing demand, despite regulatory challenges. Traditional financial institutions are also entering the space, with banks like DZ Bank and State Street launching custodian services for digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

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