Synopsis
Singapore’s largest exchange group intends to launch the contracts in the second half of 2025, a spokesperson said in an emailed statement. The company will strictly target institutional clients and professional investors, with retail customers barred from trading the instruments.
Singapore Exchange (SGX) plans to list Bitcoin perpetual futures as traditional exchanges push deeper into crypto derivative markets.
Singapore’s largest exchange group intends to launch the contracts in the second half of 2025, a spokesperson said in an emailed statement. The company will strictly target institutional clients and professional investors, with retail customers barred from trading the instruments.
The move is the latest sign that established exchange operators are branching out into Bitcoin derivatives, as US President Donald Trump’s pro-crypto agenda boosts demand for digital assets exposure. News reported on March 4 that Japan’s Osaka Dojima Exchange Inc., which traces its roots to the 18th century, is planning to seek approval to list Bitcoin futures.
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View Details »The planned products are still awaiting approval from the Monetary Authority of Singapore.
Perpetual futures – which have no expiry date – are a way for traders to bet on price changes in an underlying asset without needing to own the asset itself. SGX isn’t the only exchange looking to launch the contracts in Singapore: in January 2024, Hoboken, New Jersey-based EDX Markets LLC, a digital-asset firm backed by Citadel Securities, revealed plans to offer the instruments in the city-state.
Perpetual contracts are a staple of offshore cryptocurrency venues like Binance Holdings and OKX. They were also a mainstay of FTX cofounder Sam Bankman-Fried’s collapsed crypto empire.
The SGX spokesperson said its Aa2 rating from Moody’s will offer a trusted alternative for trading crypto futures.