EDXM Global has unveiled plans to launch a new perpetual futures trading venue based in Singapore, marking a significant step forward in its mission to deliver secure, efficient, and low-risk digital asset trading solutions for institutional clients across the Asia-Pacific region. The new platform is set to go live in the first quarter of 2025, with client onboarding beginning this month.
This development follows EDXM Global’s successful launch of its Singapore settlement service in May 2024. As a subsidiary of EDX—a trusted digital asset technology group focused on building robust, conflict-free market infrastructure—the new venue aims to provide institutions with seamless access to high-liquidity crypto derivatives markets.
Advanced Infrastructure for Institutional-Grade Trading
The upcoming perpetual futures platform will be hosted at Equinix’s TY3 data center in Tokyo, one of the most secure and interconnected data facilities in the region. By colocating its matching engine here, EDXM Global ensures ultra-low latency execution and high availability—critical factors for institutional traders operating in fast-moving crypto markets.
The venue will support trading in Bitcoin (BTC) and Ethereum (ETH) perpetual futures at launch, with plans to introduce additional major cryptocurrencies such as Solana (SOL) and XRP in the months following the initial rollout. This phased expansion reflects EDXM Global’s strategy to meet growing institutional demand while maintaining strict risk management standards.
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Central Clearing and Risk Mitigation Framework
A defining feature of the EDXM Global platform is its integration with a central clearinghouse and adoption of a single-net settlement process. This model significantly reduces the amount of upfront capital required for trading and minimizes counterparty credit risk—an essential advantage in volatile digital asset markets.
Additionally, the venue incorporates a unique bankruptcy remoteness structure. This legal framework ensures that member firms retain full ownership of their deposited assets, even in extreme market conditions or insolvency scenarios. Such protections are increasingly important as more traditional financial institutions explore crypto trading and custody solutions.
The platform will be accessible via both graphical user interface (GUI) and API, enabling seamless integration into existing institutional workflows. Whether firms prefer manual trading or algorithmic execution, EDXM Global offers the flexibility and reliability needed for scalable operations.
Leadership Team with Deep Financial Expertise
EDXM Global’s new perpetual futures venue will be led by Kai Kono, recently appointed as Chief Executive Officer. Kono brings over a decade of experience from traditional finance powerhouses including Bank of America Merrill Lynch and Lehman Brothers, along with extensive leadership roles in digital asset firms such as Zodia Custody since 2018.
Joining him is Rakesh Madamanchi, who has been named Chief Compliance Officer. Madamanchi previously served as Head of Compliance at Blockchain.com and brings more than 15 years of regulatory and legal expertise from global institutions like Wells Fargo, ANZ Bank, and Standard Chartered.
Both executives will be based at EDXM Global’s headquarters in Singapore, reinforcing the company’s strategic focus on the Asia-Pacific market.
Jamil Nazarali, CEO of parent company EDX, emphasized the importance of this expansion:
“EDXM Global’s perpetual futures venue will offer clients a safer, more streamlined experience—lowering costs while improving capital and operational efficiency. We’re excited to launch this new offering and are confident it will thrive under Kai’s leadership.”
Kono echoed this sentiment:
“I’m thrilled to lead EDXM Global’s growth in APAC and help institutions accelerate their digital asset strategies. Many firms have wanted to enter this space but have held back due to perceived risks. Now, with EDXM Global offering crypto derivatives trading within a familiar, secure environment, I expect strong interest from a wide range of participants.”
Designed for Institutions, Built on Proven Principles
EDXM Global differentiates itself by combining best practices from traditional financial markets with cutting-edge blockchain-native technology. Its conflict-free business model, modern trading architecture, and deep liquidity pool are tailored to meet the needs of both crypto-native firms and the world’s largest financial institutions.
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Frequently Asked Questions (FAQ)
Q: When will the EDXM Global perpetual futures venue go live?
A: The platform is scheduled to launch in Q1 2025, with client onboarding starting in September 2024.
Q: Which cryptocurrencies will be available for trading at launch?
A: Bitcoin (BTC) and Ethereum (ETH) perpetual futures will be available initially, with Solana (SOL) and XRP expected to follow within months.
Q: Where is the matching engine hosted?
A: The matching engine is hosted at Equinix’s TY3 data center in Tokyo, ensuring low latency and high reliability.
Q: Is the platform open to retail traders?
A: No. EDXM Global serves only institutional clients and is not available to U.S. persons or entities.
Q: How does EDXM Global reduce counterparty risk?
A: Through central clearing, single-net settlement, and a bankruptcy remoteness structure that preserves member asset ownership.
Q: Who leads EDXM Global’s operations?
A: Kai Kono serves as CEO, bringing deep experience from both traditional finance and digital asset firms. Rakesh Madamanchi is Chief Compliance Officer, ensuring robust regulatory adherence.
A Trusted Future for Crypto Derivatives
As digital assets continue to gain traction among institutional investors, platforms like EDXM Global play a crucial role in bridging the gap between traditional finance and the crypto economy. With its emphasis on security, compliance, and operational efficiency, the new Singapore-based venue is well-positioned to become a preferred destination for institutional perpetual futures trading in Asia and beyond.
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