How Kaiko data powers EDXM International’s perpetual futures platform.

Background

EDXM International (EDXMI) was looking to launch a perpetual futures platform, purpose-built for the growing market of institutional traders seeking capital-efficient crypto strategies and deep liquidity. The platform would enable clients to trade perpetual futures contracts across trading pairs, including Bitcoin, Ethereum, Solana, and XRP.

The Problem

EDXMI needed trusted and reliable mark prices to determine the live price of its contracts. For this, EDXMI sought a regulated benchmark administrator with global reach and deep expertise. This provider would need to demonstrate a wide range of readily-available mark prices, enabling EDXMI to increase the number of trading pairs on the platform as it grew.

The provider would also need to possess the institutional-grade infrastructure required to deliver prices that reliably track the market, without errant calculations causing unnecessary liquidations and poor experiences for its users.

Beyond the marks themselves, EDXMI needed to attract top-tier liquidity providers and partners to its platform to create the robust market foundation required for institutional confidence. To achieve this, the chosen benchmark administrator would need to be trusted in the market and possess a catalogue of liquidity providers, exchanges, and issuers regularly using its marks.

The Solution

After reviewing several providers with a thorough due diligence process, EDXMI chose to partner with Kaiko Indices, selecting its Reference Rates solution.

EDXM outlined several key reasons for choosing Kaiko Indices:

Truly reliable Reference Rates that stand up to the stresses of market shifts, without causing errant liquidations

Coverage for thousands of trading pairs out of the box, offered in quote currencies including USD, USDC, and USDT

 Follow-the-sun operations model that guarantees 24/7 support from both customer-facing and engineering teams

 The trusted Kaiko name, backed by a well-established ecosystem of existing institutional clients

A unique commercial arrangement that enables EDXMI to expand its offerings — requesting new trading pairs on demand as they launch on the platform — without the need to recontract or negotiate

Kai Kono

CEO, EDXM International

“When we were building our perpetual futures platform, we knew that reliable rates would be key to our success. We needed a partner we could trust from day one. Our decision to work with Kaiko Indices has been vindicated — their Reference Rates have proven rock-solid through even the most turbulent market conditions, while Kaiko’s reputation has helped give our liquidity providers the confidence they needed to commit to our platform.”

Who is EDXM International?

EDXM International 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 International’s robust liquidity environment, modern technology and non-conflicted business model are designed to meet the needs of both crypto-native firms and the world’s largest financial institutions. EDXM International is a subsidiary of EDX Markets Holding Company Inc.
EDX is a digital asset technology firm that operates institution-only trading venues 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

EDXM International’s products and services are only available to non-US persons and non-US institutions in select jurisdictions. US persons and institutions are strictly prohibited from access. Perpetuals trading services are not available for persons or businesses in the US, EU, UK and other jurisdictions where such services are restricted. EDXM International’s products and services are intended for Professional/Accredited/Expert Investors only. EDXM International is not currently licensed or regulated by any financial authority.

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