Singapore Exchange Expands Crypto Offerings to Meet Growing Institutional Demand
Singapore’s primary derivatives exchange, SGX, is set to introduce Bitcoin (BTC) and Ether (ETH) perpetual futures, reflecting the rising institutional interest in digital assets. The new products, launching November 24, will allow accredited and expert investors to trade exposure to these cryptocurrencies without an expiration date.
Perpetual futures are derivative contracts tied to the spot price of the underlying asset, but unlike traditional futures, they do not have a set maturity. This feature enables continuous trading and enhanced liquidity, making them among the most actively traded crypto derivatives globally. For SGX, the move could represent a significant new revenue stream while positioning the exchange as a hub for institutional crypto adoption.
In a statement, SGX highlighted that the new contracts respond to “rising institutional crypto demand, converging TradFi and crypto-native ecosystems.” The perpetual futures will be regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s cautious yet evolving digital asset framework.
This launch marks the second set of Bitcoin and Ether perpetual futures in Singapore. The first was introduced by EDXM International in July 2025, alongside 44 other trading products including Solana (SOL) and XRP (XRP) futures. SGX’s new offerings reinforce Singapore’s growing position as a regional hub for institutional cryptocurrency trading.
Singapore has maintained a careful regulatory approach toward digital assets. The Financial Services and Markets Act (FSM) 2022 enhanced MAS’s authority to regulate crypto firms, including those operating outside the country. Local service providers were required to comply with MAS licensing requirements or cease foreign operations by June 30, 2025, under the Digital Token Service Provider provisions. Violations carry penalties of up to SGD 250,000 and potential imprisonment of three years.
Cryptocurrencies in Singapore are legal but not recognized as legal tender; they are classified as digital payment tokens, securities, or utilities, depending on their features. According to Chainalysis, Singapore ranks 15th globally for cryptocurrency adoption, reflecting strong local engagement despite regulatory caution.
SGX’s new Bitcoin and Ether perpetual futures signal a growing institutional appetite for digital assets and a maturing cryptocurrency market in Singapore.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.