Key Takeaways
- • Singapore Exchange (SGX) launched regulated Bitcoin and Ether perpetual futures on Monday, November 24, 2025, available to accredited and institutional investors, according to an SGX statement.
- • SGX reported roughly $6 billion in cumulative trading volume for the new crypto perpetual contracts since launch, per multiple reports.
- • SGX obtained CFTC authorization under Regulation 48.10, allowing U.S. institutional investors to trade the contracts.
- • Marex has been named clearing firm for SGX Crypto Perpetual Futures, which offer continuous exposure to bitcoin or ether with no expiry and exchange-cleared settlement.
Summary
Singapore Exchange (SGX) has launched Bitcoin and Ether perpetual futures, marking a significant push by a major regulated exchange into crypto derivatives. The contracts went live on Monday, November 24, 2025, and are available to accredited and institutional investors, according to an SGX statement. Perpetual futures differ from traditional futures in that they have no expiry date and use continuous funding mechanisms, and SGX describes the products as offering an innovative payoff structure on exchange-cleared rails.
According to reports, SGX has recorded roughly $6 billion in cumulative trading volume since the launch. Coverage also indicates the exchange is preparing to extend access to US institutional clients, and SGX has obtained authorization from the U.S. Commodity Futures Trading Commission under Regulation 48.10 to permit U.S. institutional investors to trade the bitcoin and ether perpetual futures.
Marex has been named as clearing firm for the SGX Crypto Perpetual Futures contracts. Per the product description, traders gain continuous exposure to bitcoin or ether with the same transparency and operational features associated with SGX's existing exchange-cleared derivatives.
Some coverage frames the launch within the broader growth of crypto perpetuals, which now account for the majority of global crypto derivatives trading according to industry commentary, and as an expansion of the perps market beyond US venues. Detailed pricing, margin terms, and volume breakdowns were not available in the sources reviewed.
According to reports, SGX has recorded roughly $6 billion in cumulative trading volume since the launch. Coverage also indicates the exchange is preparing to extend access to US institutional clients, and SGX has obtained authorization from the U.S. Commodity Futures Trading Commission under Regulation 48.10 to permit U.S. institutional investors to trade the bitcoin and ether perpetual futures.
Marex has been named as clearing firm for the SGX Crypto Perpetual Futures contracts. Per the product description, traders gain continuous exposure to bitcoin or ether with the same transparency and operational features associated with SGX's existing exchange-cleared derivatives.
Some coverage frames the launch within the broader growth of crypto perpetuals, which now account for the majority of global crypto derivatives trading according to industry commentary, and as an expansion of the perps market beyond US venues. Detailed pricing, margin terms, and volume breakdowns were not available in the sources reviewed.
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