Marex has introduced a new cash-settled Over-The-Counter (OTC) rolling spot crypto product specifically for institutional clients. This innovative product allows institutions to gain long or short exposure to cryptocurrency price movements without the need to directly hold the underlying digital assets. Marex is also integrating this offering into its existing institutional trading platform through a new application called Neon Crypto. The move aims to simplify participation in the crypto market by leveraging familiar institutional infrastructure.Institutions can now engage with crypto's price fluctuations while bypassing the complexities of custody operations. Direct ownership of cryptocurrencies necessitates significant infrastructure for wallets, private key management, and specialized settlement procedures. Marex's cash-settled derivative abstracts away much of this operational burden, preserving market exposure. The product is designed to merge crypto market dynamics with Marex's established credit, margin, and execution services.This launch occurs as professional crypto trading volumes and specialization are increasing. Institutions are seeking diverse ways to access the market beyond direct ownership or traditional instruments like ETFs. Neon Crypto's integration into Marex's existing platform is crucial for adoption, as many firms prioritize workflow compatibility with their current risk, reporting, and collateral systems. This institutional access is becoming increasingly modular, offering various combinations of custody, leverage, and counterparty exposure. Marex's rolling spot product provides another avenue for institutions to express crypto risk within a comfortable cash-settled framework.