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Institutions in Asia Can Now Trade Crypto Perpetual Futures on SGX’s Cleared Exchange

Singapore Exchange has launched Bitcoin and Ethereum
perpetual futures through its SGX Derivatives unit. The contracts, set to start
trading next week, offer continuous, no-expiry exposure to digital assets while
operating within a regulated, exchange-cleared framework. The move aims to
bring institutional-grade standards of clearing and margining to crypto
derivatives in Asia.

Digital
assets meet tradfi in London at the fmls25

In 2013, SGX
was authorized by the U.S. Commodity Futures Trading Commission as the
first Asian derivatives clearing organization. This established SGX’s regulated
clearing capabilities, supporting its expansion into crypto perpetual futures.

SGX Launches Perpetual Futures onshore

Perpetual futures are among the most actively traded crypto
products, accounting for over US$187 billion in daily global volumes. Most of
these flows have traditionally been settled on offshore platforms outside Asia.
SGX’s offering allows institutions to access these markets onshore with
standardized risk management.

The contracts are benchmarked to iEdge CoinDesk Crypto
Indices. Andy Baehr of CoinDesk Indices said SGX’s launch aligns derivative
trading with established benchmarks and introduces traditional clearing and
margining standards.

Market Participants Support SGX Perpetual Launch

Market participants highlighted the launch as a step toward
broader institutional access. Leonard Hoh of Bitstamp by Robinhood noted that a
Singapore-anchored benchmark reflects regional liquidity. Patrick Yeo of DBS
Bank said the contracts improve capital efficiency and support the maturation
of the digital asset ecosystem.

Other industry figures, including Joseph Chang of Liquibit
Capital, CJ Fong of GSR, Gracie Lin of OKX Singapore, Melvin Deng of QCP, and
Ramesh Arumugam of Virtu Financial, welcomed the introduction of regulated
perpetual futures, citing enhanced market transparency, risk management, and
infrastructure for institutional trading.

This article was written by Tareq Sikder at www.financemagnates.com.
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