StoneX Group Inc. and Enhanced Digital Group Inc. announced a partnership to expand their digital asset offerings. As part of the agreement, StoneX led EDG’s Series A funding round and acquired a minority stake in the company.

The development follows StoneX Digital receiving a Crypto-Asset Service Provider licence under the European Union’s Markets in Crypto-Assets Regulation, granted by the Central Bank of Ireland.

StoneX Group also operates Forex.com, a retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term brand offering foreign exchange and CFD trading through locally regulated entities in multiple jurisdictions.

Expanding Institutional Digital Asset Offerings

StoneX Digital, launched in June 2022, provides institutional clients with access to digital assets and related trading tools. EDG, founded in 2021 by Chris Bae and Chet Sennik, develops bespoke structured solutions and OTC derivatives for digital assets.

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Brian Mulcahy, CEO of StoneX Digital, said the partnership aims to “enable clients to safely and securely integrate a new asset class” and to provide a broader range of digital asset products to institutional clients.

StoneX Leverages EDG “Expertise”

The collaboration allows StoneX to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term EDG’s experience in derivatives and structured products, while EDG gains access to StoneX’s digital asset spot and futures offerings. Both firms expect the partnership to enhance product development and provide more sophisticated crypto derivative trading solutions to institutional clients.

FOREX.com Launches 24/7 Crypto CFD Trading

Alongside its institutional partnership with EDG, StoneX Group has expanded its retail digital asset services through FOREX.com. The platform has launched 24/7 cryptocurrency CFD trading, allowing clients to access digital assets without the traditional weekend gap.

The move follows similar steps by other brokers, including Hantec Markets and CMC Markets, as crypto volatility rises. FOREX.com also extended trading hours for around 160 stock CFDs, covering major companies alongside digital assets.

The changes align with the UAE’s broader efforts to develop digital finance, supported by VARA and the Securities and Commodities Authority. Market analyst Razan Hilal noted that demand for continuous market access is increasing in the region.