What SGX Is Bringing to the US

Singapore Exchange Ltd. is pushing to let US institutions trade its crypto perpetual futures, after lodging a filing with the Commodity Futures Trading Commission in the past month. As a registered overseas exchange, SGX is permitted to make the products available to US institutional investors unless the agency objects within 10 days.

If it clears that process, SGX would be the first large, established exchange to usher one of crypto’s hallmark trades into the mainstream. After listing Bitcoin and Ether perps last November, the exchange plans to court a wider spectrum of institutions, including hedge funds, asset managers, and prop trading firms.

Perpetual futures, or perps, let traders use leverage…