EDX Markets Adds Raven to Its Institutional Crypto…
By Rick Steves
AI summary of the source article
Institutional digital asset venue EDX Markets has added proprietary trading firm Raven to its marketplace, with the firm already connected and active. Raven acts as a liquidity provider, quoting executable bids and offers on EDX's central limit order book. EDX utilizes a market design separated from custody alongside a central clearinghouse to appeal to institutional participants. Founded in 2023 by former Wintermute executives Petar Kostov and Yuriy Myronovych, Raven provides liquidity across centralized, decentralized, and prediction markets. The addition aims to bolster quote competition and depth as EDX competes with traditional crypto exchanges and OTC dealers.
Why it matters
The onboarding of another liquidity provider helps EDX broaden quote competition and depth on its non-custodial, centrally cleared institutional trading venue.
Key facts
- Raven has connected and begun trading as a liquidity provider on EDX Markets.
- Raven was founded in 2023 by former Wintermute executives Petar Kostov and Yuriy Myronovych, operating from Milan and Sofia.
- EDX Markets operates a central limit order book and central clearinghouse with trading separated from asset custody.