Singapore Exchange SGX to List Bitcoin Futures Contracts

Singapore Exchange, SGX, is set to introduce Bitcoin perpetual futures, offering traders access to the cryptocurrency derivatives market.

Due to launch in the second half of 2025, the contracts will be strictly limited to institutional clients and professional investors, while retail traders will be excluded from participation.

The move comes as SGX aims to position itself as a bridge between traditional financial markets and the evolving cryptocurrency sector. By offering Bitcoin perpetual futures, the exchange believes it can "significantly expand institutional market access," a spokesperson said.

However, the launch is contingent on regulatory approval from the Monetary Authority of Singapore (MAS), which has yet to give the green light.

Perpetual futures have no expiration date, unlike conventional futures, allowing traders to speculate on price movements without holding the underlying asset. First introduced by BitMEX in 2016, Bitcoin perpetual contracts are widely available on crypto exchanges including Binance and OKX but are also known for playing a role in FTX's downfall.

SGX believes its Aa2 credit rating from Moody’s will help establish trust and stability.

EDX Markets, a digital-asset exchange backed by Citadel Securities in Singapore, announced similar offerings earlier this year. Japan's Osaka Dojima Exchange Inc., which dates back to the 18th century, is also seeking approval to offer Bitcoin futures.

SGX's expansion to onboard more crypto products comes as Singapore broadens its acceptance of crypto firms. Last week, Fly Wing Technologies, a subsidiary of crypto financial services platform Matrixport, was granted a Major Payment Institution (MPI) License by MAS.

Matrixport Subsidiary Fly Wing Secures Key Singapore License

The license positions Fly Wing, and Matrixport as a whole, as a leading player in the regulated digital asset space.

BlockheadBlockhead

Hex Trust Group, a digital asset financial institution specializing in institutional-grade custody and trading solutions, also acquired an MPI from MAS during the same period.

The license, officially granted on March 1, 2025, empowers Hex Trust to provide fully regulated cross-border money transfer and Digital Payment Token (DPT) services within Singapore, a leading global fintech hub.

Hex Trust Granted Major Payment Institution License in Singapore

This MPI license marks a pivotal step in Hex Trust’s evolution, enabling the firm to offer a comprehensive and vertically integrated suite of services.

BlockheadBlockhead