The Singapore Exchange (SGX) has made a groundbreaking entry into the cryptocurrency derivatives market with the launch of Bitcoin and Ethereum perpetual futures, generating an impressive $35 million in trading volume on the first day across approximately 2,000 contracts. This milestone, achieved on November 25, 2025, highlights robust institutional demand for regulated crypto products in Asia.
The perpetual futures, which have no expiration dates, are exclusively available to accredited, expert, and institutional investors. They are benchmarked to the iEdge CoinDesk Crypto Indices, providing transparent pricing and seamless integration into existing risk management systems. Key benefits include central clearing, reducing counterparty risk, and enhanced liquidity during Asian trading hours, supported by eight clearing members, with Marex playing a central role.
This launch signals a significant step in bridging traditional finance with digital assets, offering a regulated alternative to offshore exchanges. It reflects growing institutional confidence and could accelerate global cryptocurrency adoption by inspiring other exchanges to follow suit.