The Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, Chief Executive Loh Boon Chye told Reuters, citing the lack of a mature ecosystem to support such a move.

In an interview at the Reuters NEXT conference, Loh stated, “Not at the moment,” when questioned about the possibility of SGX opening up to crypto listings.
He emphasised the need for “sustainable ecosystem support” for any new product launches, highlighting the importance of demand, governance, and structure.
Loh’s comments come despite the recent surge in interest in cryptocurrencies, fueled by approvals of spot bitcoin exchange-traded funds (ETFs) in the U.S. and the launch of similar products in Hong Kong.
Bitcoin and Ether, the two largest cryptocurrencies, have seen significant price increases this year.
“The ecosystem, I feel, at this point in time, is not ready for such products in Singapore,” Loh stated. However, he added, “You never say never, as time evolves, and as the ecosystem comes together.”
SGX, which has faced pressure to attract more high-growth companies, has been focusing on building its Asian derivatives business and maintaining its position as a global listing venue for real estate investment trusts.
Loh expressed optimism about the pipeline for initial public offerings (IPOs) and secondary listings.
As of end-June, SGX had 623 listed securities with a combined market value of S$792.93 billion.