Cryptocurrency Exchange EDXM Plans to Launch Korean Won Perpetual Contracts, Entering Asia Forex Market

CycleProphet · 2026-03-24T03:00:59+00:00

EDXM International plans to launch perpetual futures contracts tracking the Korean won to US dollar exchange rate, offering a lower-cost on-chain alternative aimed at replacing traditional non-deliverable forwards and meeting trading demand for restricted currency exchange rates.

CycleProphet

2026-03-24 03:00:59

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Deep Tide TechFlow News, March 24 — According to Bloomberg, the cryptocurrency exchange supported by Citadel Securities, EDXM International (the international division of EDX Markets), plans to launch perpetual futures contracts tracking the USD/KRW exchange rate. These contracts aim to provide a lower-cost on-chain alternative to traditional non-deliverable forward (NDF) contracts. NDFs are typically used for currency exposure trading involving restricted currencies, and the USD/KRW pair is one of the most actively traded currency pairs in Asia.

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