CitadelSecurities backed crypto exchange targets Asian foreign exchange market to launch Korean won stableco-related products

On March 24, a crypto exchange backed by CitadelSecurities was launching the first blockchain derivative of one of the most actively traded currency pairs in Asia, the Korean won against the US dollar. EDXM International, the global arm of EDXMarkets in the United States, plans to launch a perpetual futures contract that tracks the Korean won. The goal is to provide a lower-cost digital alternative to traditional non-deliverable foreign exchange forwards (NDF), which are often used to make bets on regulated currencies.