Institutional-grade cryptocurrency exchange EDX Markets has promoted its Chief Technology Officer (CTO) Tony Acuña-Rohter to Chief Executive Officer (CEO). Founding CEO Jamil Nazarali has become Executive Chairman. Acuña-Rohter previously worked at CME Group for ten years before becoming the CTO of the digital asset futures platform ErisX, which was later acquired by CME. Thus, he plays a key role in the upcoming perpetual futures platform launching in Asia. Meanwhile, Nazarali was responsible for business development at Citadel Securities before serving as CEO of EDX Markets.
In May, the company launched EDXM Global in Singapore to handle non-U.S. operations, starting with a settlement platform. The company plans to launch cryptocurrency perpetual futures trading in Q1 2025, initially supporting BTC and ETH, with additional assets like SOL and XRP to be added in the following months. The perpetual futures trading venue will be located at the Equinix TY3 data center in Tokyo. Like onshore exchanges, EDXM Global will benefit from a central clearinghouse and net settlement. EDXM Global is led by Kai Kono from Zodia Custody.
Two weeks ago, EDX Markets announced a cumulative nominal trading volume of 36 billion USD for 2024, with a 59% increase in average daily trading volume in Q3. Founding investors in EDX include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial.

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Odaily Planet Daily reports that the institutional-grade cryptocurrency exchange EDX Markets has promoted its Chief Technology Officer (CTO) Tony Acuña-Rohter to Chief Executive Officer (CEO). The founding CEO Jamil Nazarali has become the Executive Chairman.

Acuña-Rohter previously worked at CME Group for ten years before becoming the CTO of the digital asset futures platform ErisX, which was later acquired by CME. Therefore, he plays a key role in the upcoming perpetual futures platform launching in Asia. Meanwhile, prior to serving as CEO of EDX Markets, Nazarali was responsible for business development at Citadel Securities.

In May, the company launched EDXM Global in Singapore to handle non-U.S. operations, starting with a settlement platform. In the first quarter of 2025, the company plans to launch cryptocurrency perpetual futures trading, initially supporting BTC and ETH, with SOL and XRP added in the following months. The perpetual futures trading venue will be based at the Equinix TY3 data center in Tokyo. Like onshore exchanges, EDXM Global will benefit from a central clearinghouse and net settlement. EDXM Global is led by Kai Kono from Zodia Custody.

Two weeks ago, EDX Markets announced a cumulative notional trading volume of $36 billion for 2024, with a 59% increase in average daily trading volume in Q3. EDX's founding investors include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial.

EDX Markets has promoted its CTO to CEO and plans to launch offshore perpetual futures trading in Q1 of next year.