SGX is aiming to capture rising institutional crypto demand by launching the second set of Bitcoin and Ether perpetual futures products in Singapore.
Singapore’s main derivatives exchange will introduce two new cryptocurrency futures products this month, citing rising institutional interest in digital assets.
SGX Derivatives is launching Bitcoin (BTC) and Ether (ETH) perpetual futures, which are financial derivatives contracts enabling investors to bet on the spot price of the underlying asset without an expiration date.
In a Monday announcement, SGX said it is launching new trading products to meet what it describes as the “rising institutional crypto demand, converging TradFi and crypto-native ecosystems.”
