Singapore’s Sgx To Launch Bitcoin And Ether Perps As Institutional...

SGX is aiming to capture rising institutional crypto demand by launching the second set of Bitcoin and Ether perpetual futures products in Singapore.

Singapore’s main derivatives exchange will introduce two new cryptocurrency futures products this month, citing rising institutional interest in digital assets.

SGX Derivatives is launching Bitcoin (BTC) and Ether (ETH) perpetual futures, which are financial derivatives contracts enabling investors to bet on the spot price of the underlying asset without an expiration date.

In a Monday announcement, SGX said it is launching new trading products to meet what it describes as the “rising institutional crypto demand, converging TradFi and crypto-native ecosystems.”

The perpetual contracts will launch for trading on Nov. 24. Perpetual futures are among the most actively traded crypto derivatives globally and could become a significant new revenue stream for SGX.

The contracts will allow accredited and expert investors to trade exposure to the underlying assets without an expiration date. The offering will be regulated by the Monetary Authority of Singapore (MAS).

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This marks the launch of the second Bitcoin and Ether-based perpetual futures in Singapore. The first offering was launched by EDXM International on July 23, along with a total of 44 trading products, including Solana (SOL) and XRP (XRP) futures contracts, according to EDXM’s announcement.

Related: US Treasury secretary praises Singapore’s digital asset adoption at APEC

Singapore has maintained a cautious regulatory posture as it expands its digital asset framework.

Source: CoinTelegraph