SGX Derivatives will launch Bitcoin and Ethereum perpetual futures on 24 November 2025, its first offering of a product widely used in global crypto markets.

The contracts use a no-expiry structure common in crypto trading and will be cleared and margined under SGX’s regulated framework.

Access will be limited to institutional, accredited and expert investors.

Perpetual futures are the most heavily traded payoff in crypto derivatives, generating more than US$187 billion in average daily volumes.

Much of this trading is still priced and settled on offshore platforms outside Asia.

SGX aims to bring part of this activity on-exchange, giving institutions a regulated venue to gain exposure to Bitcoin and Ethereum at scale.

The contracts will reference the iEdge CoinDesk Crypto Indices, which are widely recognised as institutional benchmarks.

SGX says this supports more consistent price discovery and alignment with established market standards.

Industry participants have welcomed the launch, noting rising demand for regulated access points, regional benchmarks and traditional clearing as digital asset adoption expands.

Firms including Bitstamp by Robinhood, DBS, Liquibit Capital, GSR, OKX Singapore, QCP and Virtu Financial said regulated perpetual futures can strengthen transparency, liquidity and risk management for institutional trading flows.

Michael Syn, President, SGX Group, said,

“Digital assets have made their way into institutional investors’ portfolio. We have taken the next logical and deliberate step – applying the same institutional discipline that underpins global markets to crypto’s most traded pay-off.

By bringing the perpetuals into an exchange-cleared, regulated framework, we offer institutions the trust and scalability they have been waiting for.”

Featured image: Edited by Fintech News Singapore, based on image by Tanu via Freepik