SGX Derivatives to launch Bitcoin and Ethereum perpetual futures
The contracts feature a continuous, no-expiry structure.
The Singapore Exchange (SGX) Derivatives is set to launch Bitcoin and Ethereum perpetual futures on 24 November.
The contracts feature a continuous, no-expiry structure and will be cleared and margined under SGX’s listed derivatives framework.
Perpetual futures account for over $243.7b (US$187b) in daily average global volumes, with Asia as a major market. However, most trading and settlement currently occur on offshore platforms, the division said.
Meanwhile, the contracts will enable institutional, accredited, and expert investors to trade these products on-exchange.
US$1 = $1.30