Description
FXCH Ltd provides a clearinghouse platform for institutions trading digital assets, consolidating clearing and settlement into a single system to reduce the complexity of multi-counterparty trading. The company offers real-time netting across partner exchange venues, direct market access to designated sub-accounts, and deferred settlement, with trades ingested instantly to keep positions and margins updated in real time. Members and participating exchanges must pledge fiat or cryptocurrency collateral with the clearing house as a security interest before trading, and FXCH continuously monitors risk by revaluing open positions and collateral against multiple price sources; all trades are settled net at 5pm New York every business day. FXCH is expanding its 'Cross-Exchange Unified Account' from spot to derivatives through a pilot program with exchange partners including BitMEX, BitFinex, Thalex, and Powertrade, targeting institutional traders and trading firms operating in digital asset spot and derivatives markets.