EDXM International, a subsidiary of the Citadel Securities-backed crypto exchange EDX Markets, plans to launch perpetual contracts based on the Korean won stablecoin KRWQ and USDC in early April. These contracts aim to track the exchange rate between the Korean won and the US dollar. The initiative seeks to replace certain functions of the traditional non-deliverable forward (NDF) market with an on-chain structure, offering lower costs and real-time settlement.