Singapore Exchange to Launch Bitcoin and Ethereum Perpetual Futures for Institutions
SGX’s newly launched Bitcoin and Ethereum perpetual futures recorded $35 million in first-day trades, showing strong institutional interest backed by robust clearing member participation.
BTC
ETH
Summary
On November 25, SGX officially launched its regulated Bitcoin and Ethereum perpetual futures, logging nearly 2,000 contracts valued at approximately $35 million on the first trading day. Open interest closed at 58 contracts worth around $1 million, supported by liquidity from eight clearing members. The product, regulated by the Monetary Authority of Singapore, offers no expiry date and combines crypto market flexibility with traditional clearing structures, catering to institutional demand for compliant digital asset exposure.
Terms & Concepts
- Perpetual futures: A type of futures contract without an expiry date, enabling traders to hold positions indefinitely and often using a funding rate to keep prices aligned with the spot market.
- Funding rate: Periodic payments between parties in a perpetual futures contract to maintain price parity with the underlying asset’s spot market value.