The Singapore Exchange (SGX) has announced its intention to launch Bitcoin perpetual futures in the second half of 2025. This move highlights the growing interest in crypto derivatives, also seen in other major exchanges.
Bitcoin Futures on SGX
SGX aims to improve institutional access to cryptocurrency markets by offering a secure and regulated futures trading platform. The exchange has a strong reputation and is rated Aa2 by Moody’s Ratings, making it a reliable choice for institutional traders. The service is currently awaiting approval from Singapore’s financial authority (MAS).
Rising Interest in Crypto Futures
SGX is not alone in seeking to launch Bitcoin futures. EDX Markets, backed by Citadel Securities, also plans to launch crypto futures trading in Singapore in early 2025. This reflects a broader interest among financial institutions in the cryptocurrency derivatives market.
Crypto Market Volatility
Despite positive news, the crypto market remains volatile. Bitcoin recently dropped to $80,000, leading to significant losses. Reports suggest that more than $678 million in liquidations have occurred. Institutional adoption of cryptocurrencies continues, but the market faces challenges such as new U.S. tariffs, impacting investor sentiment.
The launch of Bitcoin perpetual futures on SGX is a significant development amid growing institutional interest in crypto derivatives. However, despite these positive changes, the crypto market continues to face challenges that could influence its future development.
