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 Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor appeared on BitcoinEthereumNews.com.
Payward, the parent company of the cryptocurrency exchange Kraken, has asked the Delaware Court of Chancery to enter a final judgment against its former auditor, Mazars USA, after an arbitrator awarded the firm $22 million. The exchange disclosed the request on July 7 through an open letter from co-CEO Arjun Sethi and a series of posts from CEO Dave Ripley. The dispute traces to December 2023, when Mazars withdrew from Kraken’s 2022 audit days before its completion. Mazars had audited Kraken for three prior years and issued two clean opinions, according to the company. In writing, Sethi said, the auditor confirmed it had no disagreement with management, no concerns about the firm’s integrity, and no findings of fraud. Mazars attributed its resignation to legal developments, among them a complaint the Securities and Exchange Commission had filed against Kraken weeks
The post KuCoin Becomes Official Partner of UAE Team Emirates – XRG, Debuts at the Tour de France appeared on BitcoinEthereumNews.com.
PROVIDENCIALES, Turks and Caicos Islands, July 7, 2026 / — KuCoin, a leading global cryptocurrency exchange, today announced its official partnership with UAE Team Emirates – XRG, one of the world’s premier professional cycling teams. This landmark collaboration will make its grand public debut at the 2026 Tour de France, with KuCoin’s branding prominently featured across all team buses, support vehicles, and fleet cars throughout the prestigious three-week race. Under this exclusive agreement, KuCoin will serve as the team’s sole partner in the categories of CryptocurrencyExchanges, Blockchain Trading Platforms, and CryptoWallet Services. The partnership unites two high-performing organizations driven by a shared commitment to innovation, precision, and long-term excellence. The Tour de France represents the pinnacle of cycling, where victories are for
The post EDX Markets Lands $76M From SBI Holdings To Build A Regulated Crypto Custody And Settlement Engine appeared on BitcoinEthereumNews.com.
When EDX Markets filed to create a national trust bank, it wasn’t just asking for a new charter. It was laying the groundwork to become the dominant regulated settlement venue for institutional digital asset trading. On Tuesday, it secured $76 million more to accelerate that vision, closing a Series C round led by SBI Holdings, according to the funding update. The fresh capital will expand EDX’s trading, clearing, and settlement infrastructure and scale global operations. It also comes just months after the exchange launched EDX FlowConnect, its crypto-as-a-service platform, and applied to the U.S. Office of the Comptroller of the Currency to establish EDX Trust, a national trust bank for regulated digital asset custody, clearing, and settlement. SBI’s leadership of the round signals that serious institutional money is betting the platform can
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 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
The funding round comes as institutional investors continue backing crypto market infrastructure despite slower venture investment across the digital asset sector.
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 […]
