According to a press release on Tuesday, it operates a facility-focused crypto exchange in the US, backed by Citadel, Fidelity and Virtu, among others.
Singapore-based EDX International offers trading in 44 cryptocurrency pairs, including Bitcoin
The exchange is aimed at clients around the world except for US people, with a special focus on the Asia-Pacific region. Demand comes from family offices and property managers who are interested but have not yet been able to enter the code in a meaningful way, an EDX representative said in an email.
EDX International's PERPS trading platform is also the first institutional crypto exchange to feature “smart collateral management,” the spokesman said.
“We have seen a marked surge in institutional interest across the region, particularly from family offices and asset managers who want to enter the digital asset space,” Kal Chan, managing director at EDX International, said in a statement.
“But many people are being curtailed by the lack of a robust and reliable market infrastructure. That's exactly the gap EDXM International is being met,” added Chan.
“The innovative use of smart collateral management by EDXM International sets new standards for capital efficiency for Crypto,” added Brett Fairclough, co-president and co-chief executive officer of Virtu Financial.
