EDXM International has launched a perpetual futures exchange in Singapore in July this year as Coinbase Financial Markets also made CFTC-regulated perpetual style futures available to U.S. customers in the same month.

On 23 July 2025 EDXM International’s new perpetual futures exchange  went live for institutional traders to trade contracts across 44 trading pairs, including bitcoin, ethereum, solana and XRP. In contrast to traditional futures contracts, which have a fixed expiration date and settlement price, perpetual futures have no expiry and are constantly adjusted by a mechanism called the funding rate, which helps align the futures price with the spot price of the underlying.

Tony Acuña-Rohter, who has been chief executive of EDX Markets since last December, told Markets Media that the firm’s exchanges are built for institutions, so it is very focused on providing the best cost to trade. He said: “We have an unconflicted business model and we are not trying to vertically integrate the broker, market maker and exchange, which may lead to bad outcomes like we saw with FTX.”

This article originally appeared on Markets Media. Read the full article here.