Wall Street-Backed EDX Markets to Enter Crypto Derivatives Market and Expand into Singapore

EDX Markets, the crypto exchange backed by Wall Street giants, plans to establish a presence in Singapore and enter the crypto derivatives market. CEO Jamil Nazarali stated that operating outside the US allows for a larger list of tradable tokens due to greater regulatory clarity. The exchange aims to offer perpetual futures, a popular form of crypto asset derivatives, and will compete with BitMEX and OKX.