EDXM International, the international arm of the crypto exchange EDX Markets backed by Citadel Securities, has launched a new digital assets futures platform aimed at institutional clients outside the U.S.
New Platform for Institutional Players
The platform, operating out of Singapore and connected to the Tokyo data center, went live this week with 44 perpetual futures pairs including bitcoin, ether, solana, and XRP. EDXM aims to compete with more established players like Binance and CME Group.
Technological and Financial Aspects
The platform targets hedge funds, family offices, and proprietary trading firms across the Asia-Pacific region, offering low-latency execution, central clearing, and a 'smart collateral management' system. This system allows market makers to quote across multiple contracts while holding less capital, a crucial efficiency pitch in an era of tighter margins. An executive noted, 'This is about giving institutions the infrastructure they expect from traditional finance – without the crypto circus.'
Crypto Market Dynamics and EDXM's Future
While the broader crypto derivatives market has cooled, institutional appetite appears to be quietly returning, especially as capital allocators regain confidence after the collapse of FTX and subsequent regulatory clampdowns. EDXM was created with jurisdictional flexibility in mind, as Singapore and Japan offer clearer regulatory environments than the U.S.
The launch of EDXM International's new platform highlights the growing interest in institutional trading of digital assets, providing a stable and regulated solution for market participants outside the U.S.
