Circle and EdgeX Deepen Partnership to Expand Arc Chain's FX and Global Asset Trading Market

BlockBeats News, September 3rd, Circle and decentralized perpetual contract trading platform edgeX jointly announced that on September 16th, upon the launch of the Arc mainnet, edgeX will become the Arc flagship perp, providing 24/7 fx trading on the mainnet's first day, and both parties will work together to promote the development of the Arc on-chain forex and global asset trading market.

On the first day of the mainnet launch, edgeX will be the first to offer USD/JPY perpetual contracts supporting 24/7 trading, and will launch over 150 perpetual contract markets covering US stocks, commodities, and crypto assets, with all markets using Arc's native USDC as margin and settlement assets.

Arc is a Layer 1 blockchain created by Circle for stablecoin finance, specially designed for stablecoin finance, featuring an FX engine (StableFX), an institutional-grade RFQ request for quote system + 24/7 on-chain PvP (peer-to-peer) settlement, with USDC as the native gas.

edgeX, invested in by Circle Ventures, will exclusively launch the FX perp market for the Arc Chain this time. edgeX is the world's leading centralized perpetual contract trading platform by trading volume, with a trading volume exceeding 900B since its launch, allowing users to trade perpetual contracts for US stocks, commodities, forex, and crypto assets 24/7.

Previously, the Circle and edgeX teams had collaborated on the issuance of native USDC on the EDGE Chain and CCTP integration. This collaboration will further combine Circle's capabilities in stablecoin financial infrastructure with edgeX's experience in on-chain trading to jointly expand the 24/7 global asset trading scene.

In the future, the two parties plan to gradually add more mainstream forex trading pairs based on market demand and liquidity, and explore non-dollar stablecoin margin and on-chain FX spot markets.