The Singapore Exchange (SGX) will launch its first cryptocurrency derivatives products next week, rolling out USD-settled Bitcoin and Ether perpetual futures on November 24, 2025.

The new contracts, branded SGX BTC Perpetual and SGX ETH Perpetual, are designed primarily for institutional and accredited investors and will trade on SGX’s existing derivatives platform with 24/7 availability and no expiry date.

A Regulated Bridge for Institutions

Unlike offshore perpetuals that dominate current crypto trading volume, the SGX offerings will be fully regulated by the Monetary Authority of Singapore (MAS) and cleared through SGX’s central counterparty, providing the same capital efficiency and counterparty protections that institutions expect from traditional futures markets.

Pricing will reference the CME CF Bitcoin Real-Time Index and Ether Real-Time Index, the same benchmarks used by CME Group in Chicago, ensuring transparent and manipulation-resistant settlement.

Michael Syn, Head of Derivatives at SGX, stated: “These products allow sophisticated investors to gain precise crypto exposure within a trusted, regulated environment while benefiting from our deep liquidity pools and established risk-management framework.”

Strengthening Singapore’s Crypto Hub Status

The launch marks another milestone in Singapore’s deliberate strategy to become Asia’s leading regulated digital-asset centre.

In the past 18 months alone, the city-state has:

• Granted Major Payment Institution licences to Coinbase, Ripple, and Crypto.com
• Approved the first spot Bitcoin and Ether ETFs for professional investors
• Expanded the Busan–Singapore cross-border digital-asset pilot

By bringing crypto perpetuals onto a legacy exchange with over 20 years of derivatives experience, SGX is effectively creating an on-shore, institution-grade alternative to the dominant offshore venues.

Early Interest and Regional Impact

Pre-launch indications of interest have been strong, with several global macro funds, Asian family offices, and proprietary trading firms already completing onboarding and testing connectivity.

Market participants expect the contracts to attract hedging flows from existing spot ETF holders and provide a new delta-one tool for regional portfolios seeking cryptocurrency exposure without direct custody complexity.

The introduction also positions Singapore alongside Hong Kong and Dubai as one of the few jurisdictions offering regulated, exchange-traded crypto derivatives, further concentrating institutional digital-asset activity in the Asia-Pacific region.

Trading begins Monday, November 24, 2025, at 09:00 SGT.

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