EDGE Markets completes $29.2 million Series A funding, led by CoinFund

robot
Abstract generation in progress
Mars Finance News, June 8 — Prediction market infrastructure company EDGE Markets announced the completion of a $29.2 million Series A funding round, led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital.
This funding will be used to launch EDGE Pro, a banking platform for market makers in prediction markets, and EDGE Connect, a payment network designed specifically for entertainment and prediction markets.
Among them, EDGE Pro will provide market makers with high-throughput deposit accounts, supporting real-time fund transfers and settlements between trading platforms regulated by the U.S. Commodity Futures Trading Commission (CFTC).
The company is applying for introducing broker (IB) and futures commission merchant (FCM) licenses from the National Futures Association (NFA) to improve capital efficiency and support margin management.
EDGE Connect is positioned as a dedicated payment network for the prediction market industry, capable of 24/7 real-time payments (RTP), and reduces transaction costs through a model that charges only for new net deposits.
The company states that compared to traditional payment channels, this system can reduce payment processing costs by over 70%, while also decreasing refunds and user attrition.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned