EDX Markets Experiences 59% Increase in Average Daily Volume Amid Growing Institutional Interest in Digital Assets
The post EDX Markets Experiences 59% Increase in Average Daily Volume Amid Growing Institutional Interest in Digital Assets appeared on BitcoinEthereumNews.com.
EDX Markets has emerged as a key player in the institutional crypto trading landscape, marked by a significant 59% surge in average daily trading volume in Q3 2024. The exchange, launched just two years ago, has reported an impressive total trading volume exceeding $36 billion this year, driven primarily by institutional clients. “EDX’s proprietary matching engine processed over 2 million trades and more than 2.6 billion orders in October alone,” says the company in its latest report. EDX Markets has seen a 59% daily trading volume increase in Q3 2024, representing a strong institutional interest in cryptocurrency across the market. EDX Markets Sees Unprecedented Trading Growth in 2024 As the cryptocurrency market continues to evolve, EDX Markets has positioned itself at the forefront of institutional trading. Notably, the platform experienced its trading volume skyrocket to over $36 billion since January 2024. The significant inflation in trading volume can be attributed to a growing appetite among institutional investors, indicating a vital shift in how these entities perceive digital assets. Institutional Investments Poised to Increase According to a recent report by The Economist, institutional investors are projected to ramp up their allocations in digital assets to reach 7% of their portfolios by 2027. Currently, asset managers typically invest between 1% and 5% in cryptocurrencies, highlighting a remarkable potential for future growth. Such trends suggest that institutional confidence in crypto is solidifying as they seek diversification in their investment strategies. Innovative Solutions to Meet Institutional Demand EDX Markets leverages its expertise to cater specifically to institutional clients, offering tailored services like trading and custody solutions. For instance, Ripple’s introduction of digital asset custody services reflects the ongoing trend of traditional financial institutions stepping into the crypto space. Meanwhile, Coinbase has also made headway with its crypto lending service aimed at institutional investors, an…
Filed under: News - @ November 15, 2024 12:16 am