EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday.

EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin, ether (ETH), Solana’s SOL (SOL), and XRP, with initial liquidity provided by Virtu Financial, LTP, Hidden Road, and others.

The exchange is for clients around the globe, excluding those in the U.S., with a particular focus on Asia-Pacific. The demand is coming from family offices and asset managers who are interested but have yet to enter crypto in a meaningful way, an EDX representative said via email.

EDX International’s perps trading platform is also the first institutional crypto exchange to feature “smart collateral management,” the spokesperson said.

This article originally appeared on Coindesk. Read the full article here.