Marex Introduces Rolling Spot Crypto Product for Institutional Clients
Marex has introduced a new over-the-counter (OTC) rolling spot crypto product designed for institutional clients. This cash-settled margin product allows clients to gain long or short exposure to crypto markets without the complexities of direct cryptocurrency custody, settlement, and operational requirements.
The launch addresses the rising demand for digital asset exposure among institutional clients, including hedge funds, asset managers, and digital asset-native firms. Samuel Leyne, co-head of crypto trading at Marex, emphasized that the institutional crypto market is at a critical juncture, with increased legal and regulatory clarity driving broader adoption.
Marex has also unveiled Neon Crypto, a digital assets app integrated into its existing Neon platform. The app provides features such as execution, streaming market depth, real-time margin oversight, and portfolio management. This expansion complements Marex’s existing digital assets business, which offers services like liquidity, execution, clearing, structuring, financing, and prime brokerage.
The announcement follows the UK Financial Conduct Authority’s (FCA) opening of its authorization gateway for crypto-asset firms, marking the first time crypto firms operating in the UK will be fully regulated by the FCA.