Raven is already active on the EDX platform, providing support for spot trading and price execution. By pairing their respective technology stacks, the two firms intend to improve market efficiency for institutional investors who require reliable, low-latency performance. EDX, which operates a central limit order book, maintains a separation between trading and custody to mitigate risk for its members.

Tony Acuña-Rohter, CEO of EDX Markets, noted that the inclusion of specialized liquidity providers is critical for building resilient trading environments. Petar Kostov, co-founder of Raven, stated that the professional infrastructure at EDX aligns with his firm's operational requirements. Founded in 2023 by former Wintermute executives, Raven currently operates from Milan and Sofia, backed by investors including Coinbase Ventures and Hack VC.