Korean Won (KRW) stablecoin provider KRWQ has launched the first KRW stablecoin perpetual futures on EDX Markets.
The new offering marks the first time a non-USD stablecoin has been made available to the market via a full integrated trading stack, covering both spot and derivatives markets.
Moreover, by bringing KRWQ onto EDX Markets’ US-based spot trading venue, traders now have the opportunity to hedge KRWQ perpetual positions both in EDXM International as well as alongside regulated spot trading on EDX markets, to boost risk management and reduce reliance on fragmented offshore markets.
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“This marks an important step in expanding institutional access to non-USD digital assets within a regulated framework,” said Tony Acuña-Rohter, chief executive 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.”
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In addition, the move is also expected to boost KRW trading across global FX and crypto markets, and position KRWQ as the primary settlement layer for KRW, expanding access to regulated, institutional-grade infrastructure for global FX trading.
“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, chief operating officer of KRWQ.
“This unlocks a more efficient alternative to the offshore NDF and spot markets.”