EDX, which exploits an exchange of an institutional focused crypto in the United States, supported by Citadel, Fidelity and Virtu, launched a global trading platform with perpetual term contracts on Tuesday, according to a press release.
EDX International, based in Singapore, offers exchanges in 44 pairs of cryptocurrency, including Bitcoin (BTC), Ether (ETH), Solana’s Sol (Sol) and XRP (XRP), with initial liquidity provided by Virtu, LTP, Hidden Road and others.
The exchange is for customers around the world, excluding from the United States, with a particular accent on Asia-Pacific. The demand comes from family offices and asset managers who are interested but who have not yet seized Crypto significantly, said an EDX representative by e-mail.
EDX International’s trading trading platform is also the first exchange of institutional crypto to present a “intelligent collateral management,” said the spokesperson.
“We are witnessing a notable increase in institutional interest throughout the region, in particular family offices and asset managers wishing to enter the space of digital assets,” Kal Chan, Director General of Edx International, said in a press release.
“However, many have been retained by a lack of robust and reliable market infrastructure. This is precisely the gap that EDXM International fills,” added Chan.
“The innovative use of International EDXM of intelligent collateral management establishes a new standard for the effectiveness of capital in crypto”, added Brett Fairclough, co-presenter and co-operator at Virtu Financial.
