Tech

EverMarkets to Launch Blockchain-Based Futures Exchange EMX

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EverMarkets announced that the EverMarkets Exchange (EMX), a futures exchange and clearing house platform built on blockchain technology, is expected to launch later this year for non-U.S. clients. EMX will list both cryptocurrency and traditional futures contracts.

Futures contracts are defined as transactions between a buyer and a seller for a financial instrument at a predetermined price for delivery or cash settlement at a set time in the future, regardless of any price movements in between.

“We’re looking forward to offering access to our platform through our trading competition and giving global users a chance to see how an auction model, inspired by those run at some of the world’s well-known exchanges, can enhance the quality of trading,” concluded Bai.

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