The Singapore Exchange (SGX) Plans to Enter the Cryptocurrency Derivatives Market

The Singapore Exchange (SGX) plans to enter the cryptocurrency derivatives market by introduce Bitcoin perpetual futures in the second half of 2025

The Singapore Exchange (SGX) is planning to introduce Bitcoin perpetual futures in the second half of 2025, according to Bloomberg. The move, which is still subject to approval from the Monetary Authority of Singapore (MAS), aims to cater to the growing institutional interest in digital assets.

SGX's entry into crypto derivatives comes amid increasing demand from institutional players.

Bitcoin futures are already offered by major exchanges in other parts of the world, but this will be the first time that such products are available on a regulated exchange in Southeast Asia.

According to reports, the new offering will allow traders to speculate on the price movements of Bitcoin without holding the actual asset.

The move by SGX is part of a broader trend in Asia, with other major exchanges also exploring Bitcoin futures offerings.

Earlier this year, Japan's Osaka Dojima Exchange applied for regulatory approval to list Bitcoin futures, potentially making it one of the first traditional exchanges in the region to offer such products.

According to sources, several firms, including Mizuho Securities and Nomura Securities, expressed interest in handling the futures brokerage at the start of the year.

Moreover, EDX Markets, a crypto asset firm backed by Citadel Securities and seven other U.S. market makers, announced plans to introduce crypto futures in Singapore by early 2025.

Derivatives like perpetual futures provide exposure to cryptocurrency price movements without requiring direct ownership, making them an attractive option for institutions looking to hedge risk or gain speculative exposure.

With SGX entering the space, Singapore is poised to strengthen its position as a key player in institutional crypto adoption.

If approved, the Bitcoin perpetual futures launch could mark another step in the city-state's expanding role in the global digital asset market.

Meanwhile, the global derivatives marketplace CME Group announced plans last year to broaden its cryptocurrency derivatives offering with Bitcoin and Ether futures.

Giovanni Vicioso, the Global Head of Cryptocurrency Products at CME Group, commented: "The launch of these new Micro Euro-denominated contracts will provide clients with additional products to more efficiently hedge Bitcoin and ether exposure in the second-highest traded fiat behind US dollar-based contracts."