LAUSANNE, Switzerland – June 2, 2022
Compass Financial Technologies, a Swiss and French based EU regulated index provider and Asia Pacific Exchange (“APEX”), a derivatives exchange regulated by the Monetary Authority of Singapore (“MAS”), partner to offer Asian first cash-settled bitcoin monthly futures contracts. APEX will leverage on the expertise of Compass in designing BMR compliant crypto indices to provide institutional clients with first class crypto investment solutions.
Asia Pacific Exchange (APEX) has launched its first APEX Bitcoin Monthly Futures Contract on 5 May 2022, in response to growing client demand for the booming digital asset. There has been a significant demand from investors to trade Bitcoin within a safe and secure trading venue which is well regulated. As majority of the cryptocurrency transactions are still conducted on non-regulated trading venues, APEX has identified the gap and positioned itself as a regulated trading venue to meet this rapidly growing global demand. With seven licensed brokers as the General Members, APEX offers investors access to the trading of Bitcoin futures in a regulated exchange and centrally cleared environment. This will be one of the first few regulated market offering Bitcoin Futures in the world.
APEX Bitcoin Monthly Futures Contract is a USD-denominated cash-settled monthly contract based on the Compass Crypto Reference Index Bitcoin (CCRIBTC) published by Compass Financial Technologies. The contract size of APEX Bitcoin Monthly Futures Contract is 50 milliBitcoin/lot (0.05 BTC). APEX Bitcoin Monthly Futures Contract expires on the last Friday of the contract month and the nearest 6 consecutive monthly contracts are listed.
About Compass Financial Technologies
Compass is one of the leading digital asset index providers. Its benchmark indices have over $5bn and are tracked by multiple financial products worldwide. Compass is registered as an index administrator under the EU Benchmarks Regulation (EU BMR).
About Asia Pacific Exchange (APEX)
Founded in 2018, Asia Pacific Exchange (APEX) is a derivatives exchange approved by the Monetary Authority of Singapore (MAS). It is the third derivatives “Approved Exchange” and “Approved Clearing House” in Singapore after the Singapore Exchange (SGX) and the Intercontinental Exchange (ICE). All products launched by APEX are regulated under the Securities and Futures Act. This ensures safety of the margins placed for the trading of APEX Bitcoin Futures Contracts. More details at https://www.asiapacificex.com/