Bitcoin and Ethereum Perpetual Futures Off to a Strong Start on SGX with $35M Traded

SGX Bitcoin and Ethereum Perpetual Futures Launch with $35M in Volume

SGX Derivatives’ Bitcoin (BTC) and Ether (ETH) perpetual futures made a strong debut on Monday, reflecting growing institutional demand for regulated crypto derivatives.

Trading kicked off with nearly 2,000 lots exchanged, representing about $35 million in notional value, while open interest settled at 58 lots, or roughly $1 million, according to SGX. The session featured tight bid-ask spreads and stable funding rates at 3 basis points, highlighting healthy liquidity from day one.

The launch was supported by eight major clearing members — Bright Point International, Guotai Junan Futures, KGI Securities, Marex, Nanhua Singapore, Orient Futures, Phillip Nova, and StoneX Financial — underlining Singapore’s role as a growing hub for digital asset trading in Asia.

Perpetual futures allow traders to speculate on an asset’s price without an expiration date, offering continuous funding, high leverage, and price discovery for the 24/7 crypto market. Designed for institutional investors, these contracts provide a streamlined payoff mechanism and robust risk controls, anchored by Singapore’s AAA credit rating and established infrastructure.

The successful debut underscores the maturation of institutional crypto trading, providing a trusted, professional-grade venue that could attract more experienced players into Singapore’s digital asset ecosystem and beyond.