TechFlow News, March 24: According to Bloomberg, EDXM International—the international arm of EDX Markets, backed by Citadel Securities—plans to launch perpetual futures contracts tracking the Korean won–U.S. dollar exchange rate. These contracts aim to provide a lower-cost on-chain alternative to traditional non-deliverable forwards (NDFs). NDFs are commonly used for gaining foreign exchange exposure to restricted currencies, and the Korean won–U.S. dollar pair is one of the most actively traded currency pairs in Asia.
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