According to a Bloomberg report, Singapore Exchange Ltd. (SGX) plans to launch Bitcoin perpetual futures, which is a further step by a traditional exchange into the cryptocurrency derivatives market. A spokesperson for SGX said the company intends to launch these contracts in the second half of 2025, and the company will strictly target institutional clients and professional investors, prohibiting retail trading of these instruments.
SGX aims to become a bridge between the regulated financial markets and the laissez-faire world of cryptocurrency trading. The company spokesperson said they believe their offerings will "significantly expand institutional market access". The products in these plans are still pending approval from the Monetary Authority of Singapore.
