SGX Launches Bitcoin and Ethereum Perpetual Futures, Recording $35 Million in Volume

SGX Bitcoin and Ethereum Perpetual Futures Debut Strong with $35M in Volume

SGX Derivatives’ Bitcoin (BTC) and Ether (ETH) perpetual futures made a strong debut on Monday, signaling robust institutional interest in regulated digital asset derivatives.

Trading kicked off with nearly 2,000 lots exchanged on day one, representing roughly $35 million in notional value, while open interest closed at 58 lots, or about $1 million, according to an email from SGX to CoinDesk. Market conditions showed tight bid-ask spreads and stable funding rates of 3 basis points, reflecting strong liquidity from the outset.

The launch was supported by eight prominent clearing members — Bright Point International, Guotai Junan Futures, KGI Securities, Marex, Nanhua Singapore, Orient Futures, Phillip Nova, and StoneX Financial — reinforcing Singapore’s position as a key hub for digital asset trading in the region.

Perpetual futures are derivative contracts that allow traders to speculate on an asset’s price without a fixed expiration date. They play a critical role in the crypto ecosystem by enabling high-leverage trading, providing continuous liquidity, and facilitating price discovery in the 24/7 digital markets.

Tailored for sophisticated institutional participants, these contracts offer streamlined payoffs and continuous funding mechanisms. Backed by Singapore’s AAA credit rating and strong risk infrastructure, SGX aims to bridge traditional finance (TradFi) with crypto, providing a secure and trusted avenue for professional investors.

The successful debut highlights the maturing institutional crypto market, offering clarity, reliability, and confidence to seasoned players in Asia and beyond. SGX’s move could accelerate institutional adoption and reinforce Singapore as a regional hub for digital asset trading.

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