Gate News reports that on March 24, Bloomberg announced that EDXM International (the international division of EDX Markets), a cryptocurrency exchange supported by Citadel Securities, plans to launch perpetual futures contracts tracking the USD/KRW exchange rate. The contract aims to provide a lower-cost on-chain alternative to traditional non-deliverable forward (NDF) contracts, a derivative tool used for trading restricted currencies. USD/KRW is one of the most actively traded currency pairs in Asia.
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