EDGE Markets has raised $29.2 million in a Series A round led by CoinFund, money it will spend to build banking and payment tools for prediction markets. CoinFund Backs EDGE Markets The New Y
EDGE Markets has raised $29.2 million in a Series A round led by CoinFund, money it will spend to build banking and payment tools for prediction markets.
The New York firm announced the round on Monday. Indicator Ventures, Mantis VC, Stepstone Group and Bullpen Capital joined the financing, which EDGE will direct toward gaming, crypto and prediction-market infrastructure.
EDGE Pro, one of two products the money will fund, is a deposit account that routes market-maker funds into exchanges regulated by the Commodity Futures Trading Commission. The second product, EDGE Connect, is a payment rail that charges operators only on net new deposits over a 24- to 48-hour window. EDGE says back-testing showed processing fees fell by more than 70%.
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Founder and CEO Seni Thomas said the company wants to cut friction for capital moving through regulated markets, positioning EDGE as a base for allocation rather than another exchange. Alex Felix, CoinFund's chief investment officer, said institutions now expect to move money in size at any hour.
EDGE launched its Visa debit card, EDGE Boost, about a year ago, and the program has since handled more than $2 billion in transactions. The company later added a ZeroHash tie-up for crypto-to-dollar conversions.
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