BlockBeats report, on September 10, 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, signaling further integration of crypto derivatives into the regulated traditional financial system.
SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025, with cumulative trading volume reaching $5.8 billion and approximately 400,000 contracts as of August this year, averaging about 1,300 contracts per day with a notional value of $19 million. Bitcoin accounts for 66% of cumulative open interest and 83% of daily trading volume.
SGX stated that the account opening and onboarding 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. Unlike crypto-native exchanges, 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 plans to next launch regular futures and options products for Bitcoin and Ethereum, with gradual expansion to other major crypto assets.