Institutional crypto exchange EDX lands $76M from SBI Holdings

The post Crypto exchange Kraken is trying to become a bank in Europe appeared on BitcoinEthereumNews.com. Kraken, the cryptocurrency exchange planning to go public in the U.S., is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction to secure it, according to a person familiar with the plans. If the firm gets the license, Kraken would be the only crypto exchange to have such a designation. It will also tread the same regulatory path as fintech major Revolut, which holds a specialized European banking license issued in 2018 and regulated by the Bank of Lithuania. This allowed Revolut to offer full current accounts, consumer lending, and stock trading across the European Economic Area (EEA). Kraken declined to comment on the plans. A spokesman for the Bank of Lithuania said the licensing process of financial market participants is confidential. Other fintech firms holding a banking or specialized bank license in Lithuania include Mano Bank, PayRay, Eur

EDX's funding and strategic partnerships could enhance institutional crypto trading infrastructure, fostering cross-border market integration. The post EDX Markets secures $76M in Series C funding from SBI Holdings appeared first on Crypto Briefing.

The post Institutional Crypto Exchange EDX Lands $76M From SBI Holdings appeared on BitcoinEthereumNews.com. EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings, marking one of the larger funding rounds this year for crypto market infrastructure as institutional adoption continues to expand. The company said Monday it will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally. EDX operates a US-focused institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutional clients. The latest round builds on previous backing from traditional financial companies, including Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, highlighting continued investor appetite for institutional crypto infrastructure despite a slower venture funding market. Source: E

The post Kucoin Locks In Exclusive Crypto Deal With UAE Team Emirates for Tour de France appeared on BitcoinEthereumNews.com. Key Takeaways Kucoin became the exclusive crypto exchange sponsor of UAE Team Emirates for 2026. Isaac del Toro won Stage 2 in Barcelona as Pogačar finished second on July 5. Pogačar is chasing a fifth Tour de France title during Kucoin’s sponsorship debut. According to the announcement shared with Bitcoin.com News, the crypto exchange’s branding now appears across the team’s buses, support vehicles, and fleet cars for the three-week race. Under the agreement, Kucoin holds exclusive rights in three categories: cryptocurrency exchanges, blockchain trading platforms, and crypto wallet services. No other exchange or blockchain brand can advertise alongside the team during the sponsorship term. UAE Team Emirates – XRG counts Tadej Pogačar among its riders. Pogačar has won the Tour de France multiple times and remains one of the sport’s most recognized names. Why Kuc

Kucoin announced Tuesday it has become the official cryptocurrency exchange partner of UAE Team Emirates – XRG, with the deal making its public debut at the 2026 Tour de France. According to the announcement shared with Bitcoin.com News, the crypto exchange’s branding now appears across the team’s buses, support vehicles, and fleet cars for the […]

The post EDX Markets raises $76 million in Series C funding round led by SBI Holdings appeared on BitcoinEthereumNews.com. EDX Markets, an institutional cryptocurrency trading platform, said it raised $76 million in a Series C funding round led by SBI Holdings. The company plans to use the funds to develop new products and grow internationally. EDX operates an institution-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model is designed to reduce counterparty risk and mirrors the structure used in traditional financial markets. SBI Holdings has been one of Japan’s most active financial groups in crypto. Its SBI VC Trade unit offers access to Ripple’s RLUSD stablecoin in Japan, while SBI Shinsei Trust Bank recently issued JPYSC, a yen-denominated stablecoin developed with Startale Group. Last month, SBI agreed to acquire crypto exchange Bitbank for 46.7 billion yen ($289 million), adding to its existing SBI VC Trade platfor

The post XRP Corporate Buying Lifts SBI VC Trade Past 2 Million Accounts appeared on BitcoinEthereumNews.com. XRP News Japanese corporations are increasingly turning to XRP, a leading payments-focused altcoin, as a treasury and shareholder-reward asset, according to figures disclosed by SBI VC Trade. The exchange, owned by financial group SBI Holdings, crossed 2 million registered accounts on July 6, and its latest report attributes part of that growth to companies buying XRP and Bitcoin to fund bonuses and dividends. A historically weak yen has pushed local businesses to diversify reserves, with SBI channelling demand through its premium SBIVC for Prime corporate service. The firm also says it now leads Japan by the number of coins available for staking, adding passive-income appeal for corporate clients. A new distribution channel opened for the XRP ecosystem on July 6, when AI-driven banking and cross-border payments platform Nuvion integrated Ripple USD (RLUSD). The company’s offic

The post Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification appeared on BitcoinEthereumNews.com. Japanese companies are turning to bitcoin and XRP as a weak yen pushes them to diversify their corporate treasuries, according to SBI VC Trade, as the crypto exchange’s registered accounts passed 2 million. The crypto arm of financial group Tokyo-based SBI Holdings said use of its corporate service, SBIVC for Prime, has grown as the weak yen drives firms to spread reserves beyond cash, with added demand from companies that hand out bitcoin or XRP through shareholder-perk programs. It reported the account milestone on Tuesday, roughly double the 1 million it counted in 2025. The 2 million figure combines its VCTRADE and BITPOINT services and follows SBI VC Trade’s April 2026 merger with sister firm BitPoint Japan. The company plans to fully integrate the two brands around the end of December, which it said should cut costs and unify service levels. Source: https://w