SGX Launches Bitcoin and Ethereum Perpetual Futures for U.S. Institutional Investors

ME News reports that on September 10 (UTC+8), the Singapore Exchange (SGX) has been authorized by the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10 to allow U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures. KC Lam, Head of Crypto Derivatives at SGX, stated that this move connects U.S. traditional financial trading institutions with Asia’s liquidity pool. SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025; as of August this year, cumulative trading volume reached $5.8 billion, equivalent to approximately 400,000 contracts, with an average daily volume of around 1,300 contracts and a notional value of $19 million. Bitcoin accounted for 66% of cumulative open interest and 83% of average daily volume. SGX noted that the account opening and access process for U.S. clients typically takes 2 to 4 weeks, with services expected to begin for U.S. customers within the next 1 to 2 months. SGX employs traditional margin call and collateral top-up mechanisms, with clearing members assuming intermediate risk buffers, and does not accept stablecoins as collateral. SGX’s next steps include launching periodic futures and options contracts for Bitcoin and Ethereum, with plans to gradually expand to other major crypto assets. (Source: ODAILY)