EDX Markets vs SimpleSwap

EDX Markets3.1/5

VS

SimpleSwap4.1/5

Feature	EDX MarketsVisit	SimpleSwapVisit
Ratings
Our score	3.1/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.0	3.0
Security & trust	4.0	4.0
Asset selection	2.5	5.0
Ease of use	2.5	4.5
Support	3.0	4.0
Specs
Markets	Spot, Futures	Spot
Coins listed	Not disclosed	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Yes	No
Accepts US customers	Yes	Not disclosed
Staking / earn	No	Not disclosed
Mobile app	No	Yes
Security features	Bankruptcy-remote accounts, Central clearinghouse, Third-party custodian integration	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Max leverage (x)	5	Not disclosed
Copy trading	No	No
P2P market	No	No
Earn / savings products	No	Not disclosed
User protection fund	Yes	Not disclosed
Referral program	No	Yes
Company
Founded	2022	2018
Headquarters	United States	—
Investors	SBI Holdings	Not disclosed
Strengths and weaknesses
Pros	Centrally cleared model eliminates direct counterparty credit risk between participants Non-custodial architecture lets institutions use their choice of custodian Bankruptcy-remote member accounts protect customer assets from venue insolvency Backed by major traditional financial institutions and a $76M Series C round	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	Restricted to institutional entities with no retail trading access EDX Derivatives is unavailable to firms in the US, EU, UK, and Singapore Derivatives leverage capped at 5x, lower than retail offshore venues Requires comprehensive institutional onboarding and strict KYC verification	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	Institutional digital asset trading firms, Banks and market makers, Brokers seeking white-label clearing infrastructure	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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