Odaily Planet Daily News: 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 pools. SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025; as of August this year, the 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 accounts for 66% of cumulative open interest and 83% of average daily trading volume.
SGX stated that the account opening and access process for U.S. clients typically takes 2 to 4 weeks, with services for U.S. clients expected to begin within the next 1 to 2 months. SGX employs traditional margin calls 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 products for Bitcoin and Ethereum, with gradual expansion to other major crypto assets.