The Singapore Exchange (SGX) has announced plans to launch Bitcoin perpetual futures contracts in the second half of 2025.
SGX Plans
In a commentary for Bloomberg on March 10, an SGX spokesperson stated that the company will focus on institutional clients and professional investors, excluding retail customers from access.
Technical Details of Contracts
The products still need approval from the Monetary Authority of Singapore. Perpetual futures, which have no expiry date, allow traders to bet on price changes without owning the underlying asset.
Additional Regional Initiatives
In February 2024, Robinhood Crypto announced its aim to roll out crypto services in Singapore. The acquisition of Bitstamp in June 2024 for $200 million was due to its Singaporean license.
The launch of Bitcoin perpetual futures on the Singapore Exchange could significantly alter the landscape of crypto derivatives in the region, broadening access for institutional investors.
