The main derivatives trading platform in Singapore announced that it will launch two new cryptocurrency futures products this month to meet the increasing demand from institutions for digital assets.
The SGX derivatives trading platform is preparing to launch perpetual futures for Bitcoin and Ethereum. These financial derivatives allow investors to speculate on the price of the underlying asset without an expiration date. SGX mentioned in a Monday announcement that the launch of the new products aims to respond to the trend of "increasing institutional demand for cryptocurrencies, and the merging of traditional finance with the native cryptocurrency ecosystem." The perpetual contracts will officially be launched for trading on November 24. These contracts will allow qualified investors and professional investors to manage the risks of the underlying assets without an expiration date, and all transactions are subject to the supervision of the Monetary Authority of Singapore
