edgeX Partnership Boosts EDGE Price by 28% Amid Strong Market Participation

edgeX and Circle announced plans to deepen their cooperation on September 16th, when Arc's mainnet will launch. This move is significant because edgeX will become Arc's primary platform for perps trading, offering 24/7 FX trading.

The partnership will also lead to the development of Arc's on-chain foreign exchange and global asset trading markets. From September 16th onwards, edgeX will provide USD/JPY perpetual contracts, with over 150 perpetual contract markets covering U.S. stocks, commodities, and crypto assets.

As a result of this cooperation, EDGE has seen significant price increases, surging by 28% to $0.48 at the time of writing. The trading volume has also increased by 445%, reaching $19 million, indicating strong market participation from speculative traders.