Citadel-Backed Exchange Launches Offshore Crypto Futures Platform Targeting Institutional Players

EDXM International, backed by Citadel Securities, has launched a new digital assets futures platform targeting institutional players outside the U.S. The platform offers perpetual futures pairs, including bitcoin, ether, and solana, and aims to rival Binance and CME Group. EDXM is targeting hedge funds, family offices, and proprietary trading firms across Asia-Pacific and beyond, with low-latency execution, central clearing, and smart collateral management. The platform is backed by heavyweight liquidity providers and uses MEMX's matching engine.

EDXM International, backed by Citadel Securities, has launched a new digital assets futures platform targeting institutional players outside the U.S. The platform, purpose-built for institutional traders, offers perpetual futures pairs including Bitcoin, Ethereum, Solana, and XRP [1]. EDXM aims to rival established exchanges like Binance and CME Group by providing low-latency execution, central clearing, and smart collateral management.

The platform is designed to meet the needs of hedge funds, family offices, and proprietary trading firms across the Asia-Pacific region and beyond. EDXM International's Managing Director, Kal Chan, stated that the launch represents a major milestone in shaping a more efficient and accessible digital assets ecosystem [1]. The platform's high-performance infrastructure is designed to minimize collateral requirements and offer deep, consistent liquidity, addressing long-standing barriers to institutional participation.

EDXM International's perpetual futures trading venue leverages the latest technology, including an in-house, proprietary matching engine from MEMX, to improve trade execution and reduce latency [1]. This technology, combined with the platform's competitive pricing, which consistently outperforms incumbent crypto exchanges, positions EDXM as a strong contender in the digital assets market [1].

The platform's innovative Smart Collateral Management (SCM) solution allows liquidity providers to quote on multiple markets in the most capital-efficient way possible without compromising risk exposure [1]. This unique feature sets EDXM apart from other crypto exchanges and is the first of its kind in the industry [1].

The new venue is supported by an integrated network of top-tier liquidity providers, prime brokerage, and OEMS partners, including Amber Group, CoinRoutes, DV Chain, Hidden Road Partners, LTP, and Virtu Financial [1]. These partners contribute to the platform's liquidity and overall trading activity, enhancing its efficiency and reliability.

Brett Fairclough, co-president and co-chief operating officer at Virtu Financial, highlighted the platform's innovative use of smart collateral management, which sets a new standard for capital efficiency in crypto [1]. Similarly, Jack Yang, Founder and CEO at LTP, praised the venue's alignment with their mission to deliver integrated, full-service prime brokerage solutions for the digital asset ecosystem [1].

The launch of EDXM International's perpetual futures exchange represents an advancement in market infrastructure, catering to the growing institutional demand for sophisticated, secure digital asset trading products [1]. As a leading global market maker, DV Chain is proud to support this next phase, committed to advancing liquidity, accessibility, and institutional-grade infrastructure in digital assets [1].

CoinRoutes CEO Ian Weisberger emphasized the platform's alignment with their mission to empower clients with faster and cheaper execution, while Luke Li, Co-Founder and Head of Markets at Amber Group, highlighted the platform's institutional-grade infrastructure and focus on capital efficiency [1].

References:
[1] https://www.marketsmedia.com/edxm-internationals-perpetual-futures-platform-goes-live/