In 2024, something huge is happening on Wall Street: the EDX crypto exchange, a platform designed for institutional investors, has seen its trading volume skyrocket to over $36 billion. This marks a massive 59% increase in just the third quarter of this year alone. It’s not just a number—it’s a signal that the world of crypto is rapidly evolving, with institutional players taking center stage in the digital asset market. But what does this really mean for you and why should you care? Let’s dive in.
The Rise of Institutional Crypto Trading
EDX Markets is a crypto exchange that launched in 2022, right after the FTX disaster shook the crypto world. Backed by heavyweights like Charles Schwab, Fidelity, and Citadel Securities, EDX was designed with one goal: to provide a more traditional and secure way for big financial players (like brokers and market makers) to dive into the crypto market.
What’s special about EDX? It’s not focused on individual traders, but rather institutional clients, who are companies that manage huge amounts of money. These clients want more stability, security, and regulatory clarity in crypto, and EDX offers that—plus it combines traditional financial expertise with digital asset solutions. The surge in trading volume is proof that these institutions are increasingly confident in crypto as a legitimate asset class.
Key Numbers to Remember:
- $36 billion: The total trading volume on EDX in 2024, which shows how much institutional money is moving into crypto.
- 59%: The jump in average daily trading volume in Q3 2024.
- 2 million trades and 2.6 billion orders in October: This shows how much activity is happening behind the scenes, with institutions driving the action.
Why is This a Big Deal?
- Crypto is Going Mainstream: When big firms like Charles Schwab and Citadel Securities are involved, it’s clear that crypto is no longer a niche market for tech enthusiasts. It’s becoming a core part of traditional finance.
- Institutional Investors Are Taking Over: Unlike individual traders, these institutional investors are serious about digital assets. According to a recent report, they are planning to increase their crypto investments to 7% of their portfolios by 2027. This shows that crypto isn’t just a passing trend—it’s becoming a permanent part of the financial landscape.
- Stable and Secure Solutions: With the rise of institutions in crypto, there’s an increasing demand for secure and regulated platforms. EDX’s rise represents the shift towards safer, more reliable digital asset services, which will ultimately attract even more institutional money. This is why companies like BNY Mellon and State Street are also jumping in, offering custody services (safeguarding crypto holdings) for big investors.
What’s Next?
- As more institutions join the crypto market, platforms like EDX will continue to grow, making crypto trading safer and more accessible for traditional financial players.
- The increasing interest from institutional investors could lead to more stable prices and less volatility, which will help crypto gain broader adoption among the general public.
- The regulatory landscape is still a concern, but the involvement of major players and the push for secure, compliant platforms is pushing the industry towards clearer regulations. This means fewer scams and more trust in the system.
Why Should You Care?
As someone who is keen on understanding cryptocurrency and its future, it’s important to see where the money is flowing. The fact that Wall Street is betting on crypto shows that digital assets are likely here to stay, and this could change the game for investors, technology enthusiasts, and even regular people like you. By following trends like EDX’s rise, you’ll better understand how crypto is evolving and how it’s increasingly tied to traditional financial systems.
To build on your knowledge, keep an eye on platforms like EDX and other institutions that are moving into crypto. As these players bring more legitimacy to the space, it will open up more opportunities for innovation and growth, and as a young person interested in technology, that’s exactly where you want to be.
