EDX Markets, the institutional digital assets trading venue founded by Citadel Securities, Fidelity Digital Assets, Charles Schwab and others, has promoted its Chief Technology Officer (CTO) Tony Acuña-Rohter to the role of CEO. Founding CEO Jamil Nazarali becomes executive chairman.
“Jamil’s leadership and vision have been fundamental in establishing EDX as the digital assets trading venue of choice for the world’s leading financial institutions,” said Peng Zhao, Board Chair, EDX Markets.
He added that the board looks forward “to continue benefiting from his insights as he assumes the Executive Chair role. We are confident that Tony’s strong technology background and proven track record building, operating and scaling cutting-edge platforms makes him the right person to lead EDX at this pivotal time for digital assets.”
Acuña-Rohter spent ten years at CME Group before becoming CTO at ErisX, the digital assets futures platform later acquired by Cboe. Hence, he plays a critical role in the pending launch of the perpetual futures platform in Asia, with key in-demand skills. Meanwhile, Nazarali headed business development for Citadel Securities before taking on the EDX Markets CEO position.
Two weeks ago EDX announced it has processed $36 billion in notional trades so far this year. EDX likes to highlight that it offers a central clearing solution that distinguishes it from other venues.
EDXM Global crypto perpetual futures
In related news, in May it launched EDXM Global in Singapore to deal with non US business, starting with a settlement platform. In Q1 2025 it plans to launch crypto perpetual futures trading, starting with Bitcoin and Ether. Other tokens such as Solana and XRP will be added in the following months. The perpetual futures venue will be based in Equinix’s TY3 data center in Tokyo.
As with the onshore exchange, EDXM Global will benefit from a central clearinghouse and net settlement. EDXM Global is headed by Kai Kono, who joined from Zodia Custody.
