Singapore’s Main Exchange SGX to Offer Perpetual Bitcoin Futures
According to a recent Bloomberg report, the Singapore Exchange (SGX) is set to introduce perpetual Bitcoin futures by the second half of 2025. These derivatives will be exclusively available to institutions and professional investors.
Key Highlights:
- Perpetual Futures: Unlike traditional futures, perpetual futures have no expiry date. This type of derivative was first popularized by the Bitmex crypto exchange.
- Competitive Landscape: Singapore already offers multiple venues for institutions to trade perpetuals. AsiaNext and EDXM Global are notable players providing similar services in the region.
- SGX’s Crypto Strategy: While SGX has shown interest in blockchain and tokenization, its move into crypto derivatives marks a significant