CRX
DeskDocs

Hedge emerging-market FX, on-chain.

CRX prices and settles non-deliverable forwards between institutions. Margin lives in a smart contract. Settlement pays against the same bank fixings you already trust.

Continuous mark

Positions marked to Pyth, smoothed by TWAP.

Discrete settlement

Pays against the EMTA bank fixing at expiry.

Trustless custody

Both sides can close on-chain if the engine is down.

Taker

You need the hedge.

Request a firm price on a pair, tenor and notional. Lift the best quote. Post margin once, then watch it marked live until expiry. One request, one fill, no desk to call.

Request a quote →
Maker

You make the price.

Work a live queue of requests. Quote firm, signed prices on the full notional. Hold the other side, margined to the same continuous feed. Your edge, your inventory, on your terms.

Open the queue →