Edx, who runs an institutional focused crypto exchange in the United States, supported by, like Citadel, Fidelity and Virtu, has launched a global trading platform with eternal futures, according to a press release on Tuesday.
EDX International, based in Singapore, offers trading in 44 cryptocurrency pairs, including Bitcoin (BTC), Ether (ETH), Solana’s Sun (Sol) and XRP (XRP), with initial liquidity provided by Virtu Financial, LTP, Hidden Road and others.
The exchange is for clients across the globe, excluding them in the United States, with a special focus on the Asia-Stophavet. Demand comes from family offices and asset managers who are interested but have not yet entered crypto in a meaningful way, said an EDX representative via E email.
Edx International’s Perps Trading Platform is also the first institutional crypto exchange to include “smart security management,” the spokesman said.
“We are witnessing a noticeable increase in institutional interest throughout the region, especially from family offices and asset managers who are eager to enter the digital act,” Kal Chan, CEO of Edx International, said in a statement.
“However, many have been held back by a lack of robust and reliable market infrastructure. That’s precisely GAP EDXM International,” Chan added.
“EDXM International’s innovative use of Smart Collateral Management sets a new standard for capital efficiency in Crypto,” added Brett Fairclough, Co-President and CO-Manager Operations Manager at Virtu Financial.
