AsiaNext launches crypto derivatives trading

AsiaNext, an institution-only global digital asset trading venue, has successfully launched crypto derivatives trading. Headquartered in Singapore, AsiaNext is a joint venture between SBI Digital Asset Holdings (SBI DAH) and SIX.

AsiaNext will become part of the upcoming fully integrated digital asset ecosystem, a-one-of- a-kind within the digital asset industry, that provides an institutional-grade, end-to-end digital assets value chain to professional investors. Trading members, including renowned market maker B2C2 and a leading prime broker, benefit from reduced counterparty and settlement risk and can enjoy capital efficiencies through the venue’s innovative risk management process and capabilities to support frequent intra-day margining and settlement runs.

Pioneering a unique connectivity solution, AsiaNext also supports low latency and high frequency trading available 24/7 (for crypto derivatives), as part of a suite of connectivity options for its members. This adds flexibility and comfort for professional traders at institutions. Its matching engine is also built and customised to the demands of an institutional-grade venue.

“B2C2 supports efforts to enhance institutional adoption of cryptocurrencies, as a leading liquidity provider delivering deep and reliable pricing across market conditions. We are pleased to be working with the AsiaNext team to provide liquidity on their venue, with its robust governance and risk management, aligning closely with our approach and focus” – Thomas Restout, CEO, B2C2.

AsiaNext, which received their Capital Markets Services and Regulated Market Operator licences from the Monetary Authority of Singapore in 2023, will provide a broad product pipeline including digital securities, tokenised real-world assets and sustainability-focused listings.