KRWQ, the issuer of the first tradable Korean Won (KRW) stablecoin, today announced the listing of its stablecoin on EDX Markets. Following KRWQ’s recent launch as the world’s first Korean Won stablecoin perpetual futures on EDXM International, this marks the first time a non-USD stablecoin is available across a fully integrated, institutional-grade trading stack spanning both spot and derivatives.
KRWQ is designed to bring KRW trading into a more transparent, accessible, and capital-efficient market structure. Institutional participants can now access KRWQ on EDX Markets’ US-based spot trading venue, creating the first complete market structure for Korean won exposure using a stablecoin within a compliant and regulated framework. Traders can now hedge KRWQ perpetual positions in EDXM International alongside regulated spot trading on EDX Markets, enabling more efficient risk management and reduced reliance on fragmented offshore markets.
“For the first time, traders have a fully regulated way to trade and hedge Korean won exposure using a stablecoin across both spot and derivatives,” said Dave Shin, COO of KRWQ. “This unlocks a more efficient alternative to the offshore NDF and spot markets.”
KRWQ and EDX are targeting one of the largest opportunities in global FX and crypto markets, including more than $60 billion in daily volume in the Korean won NDF market and over $40 billion in daily Korean won spot trading. By bringing this activity into a regulated, onchain market structure, KRWQ is positioned to become the primary settlement layer for Korean won trading and the leading onchain representation of the Korean won for institutional trading.
“This marks an important step in expanding institutional access to non-USD digital assets within a regulated framework,” said Tony Acuña-Rohter, CEO of EDX Markets. “By pairing spot liquidity on EDX Markets with perpetual futures on EDXM International, we’re enabling more efficient price discovery and risk management for Korean won exposure that aligns with the standards institutional participants expect.”
By operating within EDX’s regulated framework in the United States, KRWQ provides institutions with a compliant pathway to access, trade, and hedge Korean won exposure onchain, further expanding access to regulated, institutional-grade infrastructure for global FX trading.
