Circle Ventures invests in edgeX ahead of token launch, plans USDC on EDGE Chain

Circle Ventures has made an undisclosed investment in the decentralized trading platform edgeX, which is preparing for its token launch before March 31st. This investment follows a pre-seed round led by Amber Group in late 2024. edgeX, founded in March 2024, operates a decentralized perpetual futures exchange across web and mobile, boasting over 295,000 users and processing about $5 billion in daily trading volume, with strong adoption in Asia. The platform integrates crypto, stocks, and commodities, focusing heavily on real-world asset (RWA) perpetual futures. A key future development is the integration of native USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) onto the EDGE Chain, which underpins edgeX, aiming to support interoperable on-chain settlements for institutions and traders.

(Source：The Block)