Today Bloomberg reported that the Singapore Exchange (SGX) plans to offer perpetual Bitcoin futures in the second half of 2025. They will only be available to institutions and professional investors.
Perpetual futures have no expiry date, and the crypto derivatives first popularized by the Bitmex crypto exchange. Bloomberg previously reported that Japan’s Osaka Dojima Exchange is also planning perpetuals.
In Singapore there are already multiple venues for institutions to trade perpetuals. At the start of 2024, AsiaNext started offering derivatives trading. It’s a joint venture between Switzerland’s SIX stock market and SBI Digital Asset Holdings, the subsidiary of the Japan’s SBI Holdings. Initial participants include SBI owned market maker B2C2 and Wintermute.
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