How EDXM Global adopted Kaiko Indices Benchmarks for perpetual futures settlement

THE PROBLEM

With a view to expand its business and launch a perpetual futures trading venue in Singapore, EDXM Global needed a benchmark provider with global reach and diverse crypto expertise capable of delivering robust 24/7 real-time updates for reliable settlement. This would provide a strong foundation for their offerings and future-proof the organization against evolving compliance expectations. 

THE solution

After conducting comprehensive due diligence across multiple providers, EDXM Global chose to partner with Kaiko Indices and leverage single-asset Benchmarks for the settlement and listing of its perpetual futures products. This decision was based on Kaiko Indices’ ability to support EDXM Global with benchmarks quoted in USDC and USDT instead of USD, combined with Kaiko’s unique commercial partnership offering, flexible methodology, global support and consultative approach. 

Working collaboratively with EDXM Global, Kaiko Indices offered supporting insights on its product listing process and helped achieve overall roadmap objectives. 

Robust and reliable real-time settlement

By joining the Kaiko Indices partnership ecosystem and integrating 24/7 real-time benchmarks for a range of cryptoassets in its perpetual futures offering, EDXM Global can now leverage robust and transparent settlement capabilities. Working in close partnership with Kaiko toward aligned commercial priorities, EDXM Global can access indices and crypto data specialists on demand to implement industry best practices and drive growth.

This puts EDXM Global in a strong position to effectively target institutional market participants and capture market share from the competition.

Who is EDXM Global? 

EDXM Global is a fast-growing digital asset trading venue for institutional clients that leverages best practices from traditional financial markets on a purpose-built crypto platform. Based in Singapore, EDXM Global’s robust liquidity environment, modern technology and nonconflicted business model are designed to meet the needs of both crypto-native firms and the world’s largest financial institutions. EDXM Global is a subsidiary of EDX Markets Holding Company Inc.

EDX is a digital asset technology firm that operates institution-only trading venues that are supported by a central clearinghouse. EDX strives to emulate the world’s most sophisticated exchanges, enabling deep liquidity, firm prices and low trading costs.

Disclaimers

Perpetuals trading services are not available for persons or businesses in the US, EU, UK and other jurisdictions where such services are restricted.

DIGITAL PAYMENT TOKEN SERVICE RISK DISCLOSURE RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you customer of a digital payment token (DPT) service provider.

Before you: (a) pay or transfer your DPT service provider any money or DPT; (b) enter into an service provider for the transmission of DPTs; (d) pay a third party any money or DPT under the following agreement with a third party to buy or sell DPTs upon inducement by your DPT service provider; (c) enter into an agreement with a third party under an arrangement by your DPT arrangement by your DPT service provider for the transmission of DPTs; or (e) transfer any digital payment token instrument to your DPT service provider, you should be aware of

Your DPT service provider is exempted by MAS from holding a license to provide DPT services caught under the expanded scope of regulated activities for a specified period. Please note that you may not be able to provider, or any other third party referred to above, if your DPT service provider’s or the third party’s business fails. 

You should be aware that MAS does not supervise or regulate EDXM Global for the provision of unregulated services. This includes any service of trading digital payment token derivatives such as futures. So Perpetuals trading services offered through a separate unregulated entity called “EDXM INTERNATIONAL PTE. LTD.” in Singapore

You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.

You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens. You should be aware that your DPT service provider, as part of its exemption by MAS from holding a license to provide D DPT services caught under the expanded scope of regulated activities for a specified period to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin” EDXM Global’s communications and services are directed at persons having professional experience (ie. Institutional investors and Accredited Investors) in matters relating to crypto asset investment. Any person who does not have professional experience in matters relating to crypto asset investments should not rely on any such EDXM Global communication and therefore, EDXM Global doesn’t provide services to retail investors.

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