Singapore Exchange Shakes Up Crypto Markets with Bitcoin & Ethereum Perpetual Futures Launch
Asia's financial hub just upped the ante in the crypto derivatives race. The Singapore Exchange (SGX) is rolling out Bitcoin and Ethereum perpetual futures this month—finally giving institutional traders a regulated playground for leveraged crypto bets.
Why it matters: While retail traders drown in unregulated offshore swaps, SGX is handing Wall Street's Singapore outpost the keys to a compliant casino. The contracts will settle in USD, sidestepping the 'not your keys' headache while keeping risk managers happy.
The fine print: No word yet on leverage multiples, but expect conservative margins—this is Singapore, not Binance. The Monetary Authority probably insisted on circuit breakers that’d make a DeFi dev laugh.
Bottom line: Traditional finance keeps trying to tame crypto with paperwork and price limits. Meanwhile, Ethereum’s gas fees just hit a 3-month high as degens front-run the institutional money. Some things never change.
Singapore Exchange’s derivatives arm will introduce perpetual futures for Bitcoin and ethereum on November 24. This marks a significant step in bringing a widely used crypto instrument into a regulated market.
Visit Website