EDXM International Launches Perpetual Futures Exchange
EDXM International has officially introduced a perpetual futures exchange aimed specifically at institutional investors, marking a notable step in the evolving cryptocurrency market. The new platform features 44 perpetual futures contracts spanning major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP, positioning itself as an attractive option for institutional trading.
Support and Operational Framework
This recent launch is supported by a consortium of financial institutions and venture capitalists, underscoring its credibility and potential in the market. According to a statement released to Bitcoin.com News, EDXM has engineered its operational framework to significantly lower the prerequisites for collateral while simultaneously enhancing trade execution capabilities through its specialized matching engine.
Innovative Features
A standout feature of the platform is its Smart Collateral Management (SCM) system, which EDXM claims enables liquidity providers to participate across various markets efficiently, thus mitigating venue-related risks. Notably, EDXM is claiming to be the first cryptocurrency exchange to implement such a feature.
Collaborations and Partnerships
At launch, EDXM boasts an ecosystem of liquidity providers, prime brokers, and partners in order execution management systems. These collaborators include Amber Group, CoinRoutes, DV Chain, Hidden Road Partners, LTP, and Virtu Financial, all of which are expected to bolster liquidity and enhance the exchange’s overall efficiency.
Industry Perspectives
Kal Chan, EDXM’s Managing Director, emphasized that this initiative seeks to remove obstacles that hinder institutional engagement in the crypto sphere, primarily by slashing collateral requirements and optimizing liquidity access. He remarked on the substantial latent demand for digital assets within the region.
Brett Fairclough from Virtu Financial praised the SCM feature, calling it a benchmark for improving capital efficiency in the cryptocurrency sector. LTP’s Jack Yang noted that EDXM’s vision aligns perfectly with their goal of fostering institutional-grade access to digital assets. Michael Higgins from Hidden Road referred to this launch as a significant advancement in market infrastructure, while DV Chain’s Michael Herman welcomed it as a substantial move toward market maturation. Meanwhile, Ian Weisberger of CoinRoutes highlighted the platform’s promise of quicker and more cost-effective trade executions, and Luke Li from Amber Group affirmed its strong institutional-grade infrastructure.
Conclusion
The introduction of EDXM comes at a time when institutional interest in crypto derivatives is surging, as the exchange aims to carve out a niche as a more capital-efficient option compared to existing marketplaces. The platform’s ultimate success may depend on the continued provision of liquidity from its partners and the broader acceptance of digital asset trading by traditional finance entities.
