KRWQ, the issuer of the first tradable Korean Won (KRW) stablecoin, today announced the listing of its stablecoin on EDX Markets. Following KRWQ’s recent launch as the world’s first Korean Won stablecoin perpetual futures on EDXM International, this marks the first time a non-USD stablecoin is available across a fully integrated, institutional-grade trading stack spanning both spot and derivatives.
KRWQ is designed to bring KRW trading into a more transparent, accessible, and capital-efficient market structure. Institutional participants can now access KRWQ on EDX Markets’ US-based spot trading venue, creating the first complete market structure for Korean won exposure using a stablecoin within a compliant and regulated framework. Traders can now hedge KRWQ perpetual positions in EDXM International alongside regulated spot trading on EDX Markets, enabling more efficient risk management and reduced reliance on fragmented offshore markets.
“For the first time, traders have a fully regulated way to trade and hedge Korean won exposure using a stablecoin across both spot and derivatives,” said Dave Shin, COO of KRWQ. “This unlocks a more efficient alternative to the offshore NDF and spot markets.”
KRWQ and EDX are targeting one of the largest opportunities in global FX and crypto markets, including more than $60 billion in daily volume in the Korean won NDF market and over $40 billion in daily Korean won spot trading. By bringing this activity into a regulated, onchain market structure, KRWQ is positioned to become the primary settlement layer for Korean won trading and the leading onchain representation of the Korean won for institutional trading.
“This marks an important step in expanding institutional access to non-USD digital assets within a regulated framework,” said Tony Acuña-Rohter, CEO of EDX Markets. “By pairing spot liquidity on EDX Markets with perpetual futures on EDXM International, we’re enabling more efficient price discovery and risk management for Korean won exposure that aligns with the standards institutional participants expect.”
By operating within EDX’s regulated framework in the United States, KRWQ provides institutions with a compliant pathway to access, trade, and hedge Korean won exposure onchain, further expanding access to regulated, institutional-grade infrastructure for global FX trading.
About KRWQ
KRWQ is the first fiat-backed stablecoin pegged 1:1 to the Korean Won. It gives both institutions and retail access to a more efficient blockchain based alternative to the $100B+ NDF and offshore KRW markets. KRWQ’s cash flows and fees go to the IQ token, allowing anyone to own an early stake in the world’s first Korean Won stablecoin. Developed by IQ in partnership with Frax, KRWQ operates on a controlled mint-and-redeem framework purpose-built for exchanges and institutional market makers, and global participants seeking Korean Won exposure.
For more information, visit www.KRWQ.cash.
About EDX Markets
EDX is a digital asset technology firm that combines an institution-only trading venue with a central clearinghouse. EDX Markets, our flagship marketplace, is designed to emulate the world’s most sophisticated exchanges, with deep liquidity, firm prices and low trading costs. EDX has structured its business to minimize risk for its members while providing a diverse array of operational and capital efficiencies. Backed by some of the world’s leading trading and venture capital firms, EDX is actively developing new features and expanding its geographic presence to deliver trusted, liquid and efficient crypto trading experiences for all institutions. To learn more, visit edxmarkets.com.
Disclaimer: EDX Markets products are available only to institutions in the U.S. and certain other jurisdictions. This communication is directed solely at investment professionals with experience in matters relating to investments. Any investment activity to which it relates, including services or products described, is available only to such persons. Persons who do not have such professional experience may not rely on it.
About 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. EDXM International’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 International is a subsidiary of EDX Markets Holding Company Inc.
Disclaimer:
EDXM International is not regulated by MAS and is different from the exempted entity EDXM Global Pte. Ltd.
EDXM International’s products and services are not available for persons or entities in US, EU and UK and any marketing done is not directed at persons or entities based in US, EU and UK.
All services and products of EDXM International are only directed toward professional investors or accredited investors or expert investors with sophisticated understanding of underlying risks.
Media Contact:
KRWQ
[email protected]
EDX Markets
Forefront Communications
[email protected]