Sep 17, 2024
EDXM Global, a subsidiary of EDX Markets, has unveiled plans to launch its perpetual futures trading platform in Singapore. The new venue—hosted at Equinix’s TY3 data center in Tokyo—is set to go live in Q1 2025, offering secure and efficient trading for Bitcoin and Ethereum perpetual futures contracts. Additional cryptocurrencies like Solana and XRP will be listed in subsequent months.
Key Features of the Platform
- Central Clearinghouse: Reduces upfront capital requirements and minimizes credit risk via single net settlement.
- Bankruptcy Risk Isolation: Unique structure allowing members to retain ownership of cash deposits.
- Multi-Access Options: Available through GUI or API, with client onboarding starting this month.
Leadership Appointments
EDXM Global has named:
- Kai Kono as CEO (formerly of Zodia Custody, with 10+ years in traditional finance).
- Rakesh Madamanchi as Chief Compliance Officer (ex-Blockchain.com, with 15+ years in banking compliance).
Both will operate from EDXM Global’s Singapore headquarters.
👉 Explore EDXM Global’s innovative trading solutions
Strategic Vision
Jamil Nazarali, CEO of EDX, emphasized:
"This platform delivers a safer, streamlined experience, lowering costs while enhancing capital efficiency."
Kai Kono added:
"We’re poised to accelerate institutional adoption of digital assets in APAC by mitigating perceived risks in a secure environment."
FAQ Section
Q: When will Solana futures be available?
A: Following the initial launch, Solana and XRP contracts will roll out within months.
Q: Is this platform available to U.S. investors?
A: No. EDXM Global services are exclusively for non-U.S. persons/institutions in select jurisdictions.
Q: How does the risk isolation feature work?
A: It ensures member cash deposits remain segregated during bankruptcy proceedings.
👉 Learn more about EDXM Global’s infrastructure
About EDXM Global
A Singapore-based institutional digital asset venue combining traditional market best practices with crypto-native technology. Part of EDX Markets Holding Company Inc.
About EDX
Operates institutional-only, centrally cleared trading platforms for digital assets. Backed by top-tier trading firms and VCs.
For details, visit edxmarkets.com (non-hyperlinked).
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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