SGX Derivatives has announced the launch of institutional-grade perpetual futures for Bitcoin and Ethereum, set to go live on November 24, 2025. This initiative aims to bring the discipline, trust, and transparency of global financial markets to crypto derivatives, offering a regulated, exchange-cleared framework that bridges traditional finance and digital assets.
The perpetual futures feature a continuous, no-expiry structure popular in crypto communities, combined with robust clearing and margining standards typical of listed derivatives. They are benchmarked to the iEdge CoinDesk Crypto Indices, ensuring price discovery aligns with institutional-grade benchmarks. Michael Syn, President of SGX Group, emphasized that this move applies institutional discipline to crypto's most traded products, providing scalability and trust for investors.
Perpetual futures account for over US$187 billion in daily average volumes globally, with Asia being a growth epicenter. By bringing these flows on-exchange, SGX enables institutions to trade Bitcoin and Ethereum with confidence and scale. Andy Baehr of CoinDesk Indices noted that derivatives make up more than two-thirds of crypto trading, and SGX's onshore approach with traditional margining is a significant step.
Industry leaders, including Bitstamp by Robinhood, DBS Bank, Liquibit Capital, GSR, OKX Singapore, QCP, and Virtu Financial, have welcomed the launch, highlighting its role in expanding institutional access, enhancing liquidity, and supporting the maturation of the digital asset ecosystem in Singapore and beyond.
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