SGX’s venture into crypto derivatives could give it an edge over other bourses
[SINGAPORE] The Singapore Exchange’s (SGX) decision to launch Bitcoin perpetual futures later this year will help keep the bourse competitive as the cryptocurrency gets closer to being recognised as an investment asset.
This move aligns with the broader trend of traditional exchanges entering the crypto derivatives market, led by increased demand for digital assets. US President Donald Trump is heavily supportive of cryptocurrency.
Perpetual futures allow investors to trade the direction of cryptocurrency prices but these derivatives do not have an expiration date, unlike traditional futures.
