Investing Updates: Singapore’s SGX to launch Bitcoin and Ether perps as institutional demand climbs

Source:

https://cointelegraph.com/news/singapore-exchange-bitcoin-ether-perpetual-futures-institutional-demand

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Singapore Exchange (SGX) is expanding its crypto derivatives suite with the launch of Bitcoin and Ether perpetual futures on Nov. 24, targeting rising institutional demand for regulated digital asset products. The new offerings from SGX Derivatives enable accredited and expert investors to take leveraged positions on BTC and ETH without contract expiration, a feature that has made perpetuals one of the most actively traded crypto instruments worldwide.

SGX said the products address increasing interest from institutional players and the growing convergence between traditional finance and crypto-native markets. The perpetual contracts will operate under oversight from the Monetary Authority of Singapore (MAS), aligning with the country’s cautious but progressive regulatory approach.

This rollout marks Singapore’s second set of BTC and ETH perpetual futures, following EDXM International’s introduction of similar products on July 23, which also included futures for Solana and XRP among its 44 listed crypto contracts.

Despite the expansion of trading offerings, Singapore maintains tight regulatory controls. Under the Financial Services and Markets Act (FSM) passed in April 2022, MAS gained broader powers to supervise crypto firms headquartered in Singapore but serving overseas markets. MAS also required local digital token service providers to stop offering services abroad by June 30 unless they secured proper licenses. Violations may incur fines of up to SG$250,000 and jail terms of up to three years.

Cryptocurrencies are legal in Singapore but are not considered legal tender. They are regulated as digital payment tokens, securities or utilities, depending on their characteristics. According to Chainalysis, Singapore ranks 15th globally in crypto adoption, reflecting steady but measured growth in the sector.