SGX to Enter Crypto Derivatives Market with Bitcoin Perpetual Futures in 2025

Singapore Exchange Ltd. (SGX) plans to launch Bitcoin (BTC) perpetual futures in the latter half of 2025, marking a significant step toward expanding its crypto-related offerings, the exchange announced.

The new derivatives product is tailored exclusively for institutional and professional investors, with retail traders excluded from participation. Bloomberg first reported SGX’s move into Bitcoin perpetual futures.

“SGX Group is leading the way in institutional crypto markets by offering perpetual futures on a trusted and regulated platform. With market credibility being a key differentiator, our product aims to bridge the gap between traditional finance and digital assets. While still subject to regulatory approvals, early feedback from both DeFi and TradFi players has been encouraging,” SGX stated.

This development reflects a broader trend among traditional exchanges embracing cryptocurrency derivatives. Japan’s Osaka Dojima Exchange Inc. is also seeking approval to list Bitcoin futures, underscoring the rising demand from institutional investors amid increasingly pro-crypto policies in the U.S.

The proposed Bitcoin perpetual futures will be reviewed by the Monetary Authority of Singapore before launch. Unlike standard futures, perpetual contracts have no expiry, allowing traders to hold positions indefinitely. SGX aims to provide a highly secure, regulated alternative to existing crypto derivatives platforms, backed by its Aa2 rating from Moody’s.

With this initiative, SGX seeks to attract institutional investors while addressing the credit risks associated with unregulated exchanges such as Binance and OKX.