What is an NDF

A non-deliverable forward (NDF) is a contract that protects a company from changes in FX rates. It locks an exchange rate today for a future date. At maturity, the contract settles the difference between the locked rate and the market rate.

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CRX is an on-chain FX hedging network for eligible contract participants, operating within the CFTC’s framework for swaps under the Commodity Exchange Act.
The network currently runs in sandbox environments on the Base, Avalanche, and Celo testnets.

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What is an NDF

PreviousCRX 101 · 1 min readFX Hedging Today NextCRX 101 · 1 min readHow CRX Works

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What is an NDF