SIX and SBI's joint venture, AsiaNext, has launched cryptocurrency

Indra55

AsiaNext, the digital asset trading platform based in Singapore, has launched cryptocurrency derivatives trading products. The company was co-founded by the Swiss SIX Digital Exchange (SDX) and SBI Digital Asset Holdings. Currently, trading members include Wintermute and B2C2, a liquidity provider under SBI. AsiaNext indicates that it can reduce counterparty and settlement risks while increasing capital efficiency through intraday margin and settlement. It also supports high-frequency trading, allowing cryptocurrency derivatives trading around the clock. AsiaNext obtained the Recognized Market Operator (RMO) license from the Monetary Authority of Singapore in September. However, the license is applicable to token securities, and cryptocurrency derivatives are not regulated in Singapore. Therefore, the trading of cryptocurrency derivatives is operated by an independent subsidiary.

In the realm of digital securities, the two partners operate secondary markets independently. Switzerland's SIX Digital Exchange (SDX) is the world's first regulated digital securities market, launched at the end of 2021. Two weeks before Christmas, SBI's Osaka Digital Exchange (ODX) officially went live.

Iti9

Various derivatives are just hard to understand.