Zodia Markets, the crypto trading firm majority-owned by Standard Chartered (STAN), has raised $18.25 million led by Pharsalus Capital. The Series A funding round will be used to support Zodia's international expansion effort and further develop its stablecoin payments services, according to an announcement on Monday. Zodia is aimed at financial institutions, offering them a … Read more
EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin (BTC), ether (ETH), Solana's SOL … Read more
Meta is exploring the use of stablecoins to manage payouts for international creators, according to a report. Meta CEO Mark Zuckerberg’s firm is said to be in discussions with crypto firms as part of the company’s plans to begin using stablecoins in partnership with a number of crypto firms. For now, these discussions are said … Read more
Amber International Holding (AMBR), a crypto trading firm Amber Group subsidiary, said it raised $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, a fund designed to support strategic growth across blockchain networks. The raise, announced Thursday, was priced at $10.45 per share, which is a 5% discount to the … Read more