The real reason for Edge on iOS and Android is to extend the reach of Windows 10

Windows Central

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What powers the Microsoft Edge browser on iOS and Android is irrelevant to its purpose, which is to extend the functionality of Windows 10 to millions of customers.
Earlier in October, Microsoft made a surprise announcement that its Edge browser was headed to iOS and soon after Android. With the browser going open for anyone on Android recently, many users of Windows 10 are downloading – and liking – the experience so far.
In the original announcement, Windows Central clarified that despite the name, underneath the browsers were powered by WebKit for Apple and Chromium on Android. The issue is tangential to the purpose of Edge, yet many tech enthusiasts seem fixated that these are not using the EdgeHTML engine. Here is why it doesn't matter.

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