EDX Unveils International Crypto Trading Platform With Perpetual Futures
EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin (BTC), ether (ETH), Solana's SOL (SOL), and XRP (XRP), with initial liquidity provided by Virtu Financial, LTP, Hidden Road, and others.
The exchange is for clients around the globe, excluding those in the U.S., with a particular focus on Asia-Pacific. The demand is coming from family offices and asset managers who are interested but have yet to enter crypto in a meaningful way, an EDX representative said via email.
EDX International's perps trading platform is also the first institutional crypto exchange to feature "smart collateral management," the spokesperson said.
'We're witnessing a noticeable surge in institutional interest across the region, particularly from family offices and asset managers eager to enter the digital asset space,' Kal Chan, managing director 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 the gap EDXM International is filling,' 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-chief operating officer at Virtu Financial.
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