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EDGE Markets raises $29.2 million Series A led by CoinFund

EDGE Markets raises $29.2 million Series A led by CoinFund

The company said the funding supports EDGE Pro and EDGE Connect, two products aimed at banking and payments infrastructure for compliant prediction markets, as it highlighted more than $2 billion in first-year EDGE Boost card volume.

Fact Check
The PR Newswire official release (EDGE Markets Raises $29.2 Million Series A Funding Round) confirms every element: $29.2M Series A, led by CoinFund, supporting EDGE Pro and EDGE Connect targeting banking/payments infrastructure for compliant prediction markets, and $2B+ in EDGE Boost VISA debit volume since launch. CNBC and Crypto Briefing independently corroborate the round size, lead investor, and product launches.
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Summary

EDGE Markets said it completed a $29.2 million Series A led by CoinFund, with participation from Indicator Ventures, Mantis VC, StepStone Group and Bullpen Capital. The company said the proceeds will support EDGE Pro, a high-throughput banking platform for prediction-market market makers, and EDGE Connect, a payments network for compliant betting and prediction markets. EDGE Markets also said its VISA debit card product, EDGE Boost, processed more than $2 billion in transactions in its first year. The company and report framed the launches as a way to reduce payment friction, which could help improve liquidity and participation in prediction markets.

Terms & Concepts
  • prediction markets: Platforms where users trade on event outcomes.
  • market makers: Trading firms that provide ongoing buy and sell quotes to support market liquidity.
  • liquidity: How easily assets can be traded without major price impact.