EDGE Markets announced a partnership with ProphetX, the federally regulated sports exchange platform in the United States, to integrate its private settlement network EDGE Connect into the exchange‘s funding rails.
Through EDGE Boost, the company’s banking product, ProphetX traders will have access to real-time deposits 24 hours a day, 365 days a year, with daily limits of up to $1 million for certain users and no deposit fees.
The integration with EDGE Markets aims to solve one of the most persistent problems for the most active traders: the delays of the traditional banking system during nights, weekends, and live market events. EDGE Connect operates on FedNow rails and settles funds in near real time; its bank accounts are FDIC-insured and separate trading capital from the user’s everyday finances.
ProphetX joins Kalshi and Polymarket as exchanges that have already adopted EDGE Connect. Recently, EDGE Markets closed a $29 million Series A round led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital. Since the launch of EDGE Boost, the company has processed more than $2 billion in transactions.
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