Pioneering the Future of Crypto Derivatives: EDXM Global's Perpetual Futures Venue Launches in Tokyo

EDXM Global, a leading digital asset technology company, has announced the upcoming launch of its highly anticipated perpetual futures venue. This new platform, set to go live in Q1 2025, promises to revolutionize the way institutions and investors engage with the rapidly evolving crypto derivatives market. With a focus on security, efficiency, and risk mitigation, EDXM Global's offering aims to provide a trusted and liquid trading environment for Bitcoin, Ether, and other major cryptocurrencies.

Unlocking Institutional Adoption of Crypto Derivatives

Secure and Efficient Crypto Futures Trading

EDXM Global's perpetual futures venue will be located in the heart of Tokyo, co-located at the Equinix TY3 data center. This strategic placement, combined with a robust central clearinghouse and a single net settlement process, will enable secure and efficient trading for clients. By reducing the upfront capital required and minimizing credit risk, EDXM Global's platform aims to lower the barriers to entry for institutions seeking to participate in the crypto derivatives market.The venue's unique bankruptcy-remote structure is a game-changer, allowing members to retain ownership of their currency deposits. This feature provides an added layer of protection, instilling confidence in the platform's ability to safeguard client assets.

Expanding the Crypto Derivatives Landscape

EDXM Global's perpetual futures venue will initially support trading in Bitcoin and Ether, two of the most prominent cryptocurrencies. However, the platform's roadmap includes the addition of other major digital assets, such as Solana and XRP, in the months following the launch. This diversification will cater to the growing demand for exposure to a wider range of crypto-based derivatives.By offering a familiar and secure trading environment, EDXM Global aims to address the concerns that have historically deterred some institutions from entering the crypto derivatives space. With the platform's user-friendly GUI and API access, these firms can now seamlessly integrate digital asset strategies into their investment portfolios.

Experienced Leadership Driving Innovation

EDXM Global's new perpetual futures venue will be led by a seasoned team of industry veterans. Kai Kono, the newly appointed CEO, brings a wealth of experience from his previous roles at institutional digital asset firms, including Zodia Custody. Kono's deep understanding of the crypto landscape, combined with his extensive background in traditional finance, positions him as the ideal leader to guide EDXM Global's growth in the Asia-Pacific region.Joining Kono is Rakesh Madamanchi, the Chief Compliance Officer. Madamanchi's impressive resume includes over 15 years of legal and compliance experience at global banks, such as Wells Fargo, ANZ, and Standard Chartered Bank. His expertise in navigating complex regulatory environments will be crucial in ensuring EDXM Global's perpetual futures venue operates within the highest standards of compliance.

Accelerating the Adoption of Digital Asset Strategies

Jamil Nazarali, the CEO of EDX, the parent company of EDXM Global, expressed his excitement about the launch of the new perpetual futures venue. "EDXM Global's platform will provide clients with a safer, more streamlined experience that reduces costs and improves both capital and operational efficiency. We're thrilled to launch this new business and have complete confidence in its success under Kai's leadership."Kai Kono echoed this sentiment, stating, "I am thrilled to lead EDXM Global's growth in APAC and to help accelerate the adoption of digital asset strategies for institutions in the region. Many of these firms have long had the desire to enter this space, but have been reluctant to do so given the perceived risks. Now that EDXM Global can deliver crypto derivatives trading within a familiar, secure trading environment, I anticipate strong interest from a wide range of participants."EDXM Global's perpetual futures venue represents a significant milestone in the evolution of the crypto derivatives market. By addressing the key concerns of institutional investors and providing a trusted, efficient, and secure trading platform, the company is poised to drive the widespread adoption of digital asset strategies across the Asia-Pacific region and beyond.