CRX makes FX hedging easy. Today, managing FX risk means months of bank onboarding, contracts that don't align with real exposures, scattered pricing across bilateral relationships, and T+2 settlement. With CRX, you onboard once, request contracts matched to your exposure, receive the best price from a competing network, and settle instantly.

Eligible contract participants (ECPs) — the class permitted to trade these instruments. You qualify with total assets over $10 million, or a net worth over $1 million when the trade hedges a business risk.

Not yet. CRX runs today in a sandbox on a public testnet, where balances carry no value — two independent audits will be completed before CRX accepts real deposits.

There is no network fee. The only price is the rate you accept, set by dealers competing for the trade. Margin is returnable collateral, not a cost.

In your own segregated, non-custodial account on-chain, moved only by your onboarding wallet. CRX cannot access, move, pool, or lend it — CRX takes no custody.

Variation margin moves daily, keeping each side covered as gains accrue. If the other side falls short a cure window opens to restore it; if unmet, the position is auctioned to another dealer; and only as a last resort is it closed out at the oracle mark.