The Singapore Exchange (SGX) plans to launch Bitcoin perpetual futures in 2025, which is undoubtedly another iconic event marking the integration of traditional finance and the crypto world. As a product exclusive to institutional and professional investors, this will further promote the compliance and maturity of the cryptocurrency market.

Compared to global crypto exchanges like Binance, SGX's advantages lie in its strict regulation and Moody's Aa2 rating, which holds strong appeal for traditional institutional investors. However, this may also lead to a decrease in trading flexibility and innovation speed, as traditional finance generally moves at a slower pace.

It is worth noting that perpetual contracts, as a high-risk, high-reward derivative tool, have extremely high requirements for risk management. SGX's entry may provide a safer option for the market, but whether it can compete with the liquidity and diversity of platforms like Binance remains to be seen.

Overall, SGX's initiative not only reflects confidence in the crypto market but may also set a new benchmark for global cryptocurrency regulation. For participants like Binance, this represents both competition and opportunity, driving further standardization and globalization of the industry.