EDXM Global has unveiled plans to launch a new perpetual futures trading venue based in Singapore, marking a strategic expansion in the digital asset landscape for institutional participants across the Asia-Pacific region. The upcoming platform is set to go live in the first quarter of 2025, with customer onboarding beginning as early as this month. This development reinforces EDXM Global’s mission to deliver secure, efficient, and compliant trading infrastructure built on principles from traditional finance.
A New Era in Institutional Crypto Derivatives Trading
The new trading venue will support perpetual futures contracts for major cryptocurrencies, starting with Bitcoin and Ethereum. Additional assets such as Solana and XRP are expected to be listed in the months following the initial launch. Hosted at Equinix’s TY3 data center in Tokyo, the matching engine ensures low-latency execution and high reliability—critical factors for institutional traders seeking performance and uptime.
By leveraging a central clearinghouse and a single-netting settlement process, the platform minimizes credit risk and reduces the amount of upfront capital required for trading. This structure enhances capital efficiency, allowing institutions to deploy resources more strategically. Furthermore, the venue features a unique bankruptcy-remote risk isolation framework, ensuring that member firms retain ownership of their deposited assets—a key differentiator in an industry where custody concerns remain prevalent.
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Leadership Driving Institutional Adoption
Under the leadership of newly appointed CEO Kai Kono, EDXM Global is positioning itself at the forefront of institutional crypto adoption in APAC. Kono brings over a decade of experience from traditional financial institutions such as Bank of America Merrill Lynch and Lehman Brothers, along with deep expertise in digital assets from his prior roles at Zodia Custody and other institutional crypto ventures.
Joining him is Rakesh Madamanchi, who has been named Chief Compliance Officer. Madamanchi previously led compliance efforts at Blockchain.com and held senior legal and regulatory roles at global banks including Wells Fargo, ANZ, and Standard Chartered—bringing more than 15 years of cross-border regulatory experience to the team.
Both executives will be based at EDXM Global’s headquarters in Singapore, a jurisdiction known for its progressive yet balanced regulatory approach to digital assets.
Jamil Nazarali, CEO of parent company EDX, emphasized the strategic importance of the new venue:
"EDXM Global’s perpetual futures platform delivers a safer, more streamlined experience that reduces costs while improving capital and operational efficiency. We’re confident this new offering will meet the growing demand from institutions seeking trusted crypto derivatives access."
Kai Kono added:
"I’m excited to lead EDXM Global’s growth in the APAC region and help institutions accelerate their digital asset strategies. Many firms have wanted to enter this space but have been hesitant due to perceived risks. With EDXM Global, they now have a familiar, secure environment to trade crypto derivatives—with strong governance and proven financial engineering."
Built for Institutions, Backed by Proven Infrastructure
EDXM Global is designed specifically for institutional clients, combining the best practices of traditional financial markets with cutting-edge blockchain-native technology. Its conflict-free business model, robust liquidity environment, and modern trading architecture cater equally to crypto-native firms and the world’s largest financial institutions.
As a subsidiary of EDX Markets Holding Company Inc., EDXM Global operates under a regulated, non-U.S. framework and offers its products exclusively to non-U.S. individuals and entities in permitted jurisdictions.
The platform supports access via both graphical user interface (GUI) and API, enabling seamless integration into existing trading workflows. This flexibility ensures that hedge funds, proprietary trading firms, and asset managers can execute strategies efficiently—whether through manual trading or algorithmic systems.
Core Keywords Driving Market Relevance
This initiative aligns with growing demand for institutional crypto trading, perpetual futures exchange, digital asset derivatives, regulated crypto platform, low-latency trading, capital efficiency, central clearinghouse, and Asia-Pacific crypto expansion. These keywords reflect both user search intent and the evolving priorities of professional market participants seeking secure and scalable solutions.
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Frequently Asked Questions (FAQ)
Q: When will the EDXM Global perpetual futures venue launch?
A: The platform is scheduled to go live in Q1 2025, with customer onboarding starting this month.
Q: Which cryptocurrencies will be available at launch?
A: Bitcoin and Ethereum perpetual futures will be available initially, followed by Solana, XRP, and potentially other major assets in subsequent phases.
Q: Is EDXM Global accessible to U.S.-based traders?
A: No. The platform is available only to non-U.S. individuals and institutions in approved jurisdictions.
Q: Where is the matching engine hosted?
A: It is hosted in Tokyo at Equinix’s TY3 data center, ensuring high performance and low-latency connectivity.
Q: What makes EDXM Global’s risk model unique?
A: The venue uses a bankruptcy-remote structure that preserves member ownership of deposits and employs a central clearinghouse with single-netting settlement to minimize credit exposure.
Q: How does EDXM Global ensure compliance?
A: Led by Chief Compliance Officer Rakesh Madamanchi, the team applies rigorous regulatory standards drawn from global banking experience to maintain adherence across jurisdictions.
Expanding Trust and Access in Digital Markets
With increasing institutional interest in digital assets, platforms like EDXM Global play a vital role in bridging traditional finance with blockchain innovation. By offering regulated, efficient, and secure derivatives trading in a major financial hub like Singapore, EDXM Global addresses key pain points around risk, compliance, and capital use.
As the crypto ecosystem matures, infrastructure providers that prioritize transparency, resilience, and client protection are poised to lead the next phase of adoption. EDXM Global’s upcoming launch represents not just a new trading venue—but a step toward more responsible and sustainable institutional participation in digital markets.
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