Singapore Exchange Derivatives Debuts Bitcoin (BTC), Ether (ETH) Perpetual Futures
SGX Derivatives will launch Bitcoin and Ether perpetual futures tied to iEdge CoinDesk Crypto Indices on November 24.Summary
Singapore Exchange's (SGX) derivatives arm announced the launch of Bitcoin (BTC) and Ether (ETH) perpetual futures, scheduled to go live on November 24. These new contracts aim to bring the structure and trust of global derivatives markets to one of crypto's most popular instruments, perpetual futures, which typically trade on unregulated offshore venues.
The SGX perpetual futures will reference the iEdge CoinDesk Crypto Indices, providing institutional alignment with widely used benchmarks. Michael Syn, president of SGX Group, stated this applies institutional discipline to crypto's most traded payoff. Industry players like DBS Bank and OKX welcomed the move, noting that perpetuals allow institutions to gain crypto exposure efficiently without direct ownership, fostering a more robust digital asset ecosystem in Singapore.
Perpetual futures, which have no expiry date, utilize a funding rate mechanism to keep their price close to the underlying asset's market price. The iEdge CoinDesk indices track crypto performance across liquid exchanges, with real-time indices published every second and reference rates published daily.
(Source：CoinDesk)