The Singapore Exchange (SGX) Derivatives is launching Bitcoin and Ethereum perpetual futures starting Nov 24 to institutional, accredited and expert investors.
These contracts will provide a continuous, no-expiry structure favoured by crypto-native communities, combined with the robust clearing and margining standards of listed derivatives.
Perpetual futures account for more than US$187 billion in daily average volumes globally, with Asia at the epicentre of this growth. By bringing these flows on-exchange, SGX will enable institutions to trade and gain exposure to Bitcoin and Ethereum with confidence and scale, the group notes.
The crypto perpetual contracts are benchmarked to iEdge CoinDesk Crypto Indices, aligning price discovery with institutional-grade benchmarks widely recognised across the industry.
Michael Syn, president of the SGX Group says that they have taken the next logical and deliberate step by applying the same institutional discipline that underpins global markets to crypto’s most traded pay-off.
“By bringing the perpetuals into an exchange-cleared, regulated framework, we offer institutions the trust and scalability they have been waiting for,” he notes.
See also: SGX Group sees 26% y-o-y rise in securities market turnover value in Oct to $33.9 mil
Shares in SGX closed 2 cents lower or 0.118% down at $16.91 on Nov 17.
