Based in Chicago cryptocurrency exchange Seed CX has announced plans to develop Asian markets.

We are excited to work with @hydrax_io, extending our reach further into the Asian market

— Seed (@SeedCX) 21 March 2019 R.

Focused on institutional investors, the exchange has entered into a partnership with Singapore’s trade infrastructure provider Hydra X. This will allow the Seed CX to integrate their platform with technology solutions from Hydra X, which is currently in beta stage.

“This partnership will also contribute to the expansion of our user base that consists of institutional investors. The latter required adjustable and secure access to digital assets”, — said the head of the Hydra X Daryl Lowe.

Representatives of the Seed CX said they plan to open up the market CFTC regulated cryptocurrency derivatives through its division Seed SEF.

In January, Seed CX adjustable FinCEN, through its U.S. subsidiary Zero Hash launched wallet, focused on institutional investors.

Recall that in the course led by Bain Capital Ventures funding round Seed CX raises $15 million investment.

ForkLog also previously reported that Seed CX launched spot trading bitcoin available to institutional investors.