In the latter days of the year 2025, the Singapore Exchange (SGX), a bastion of trade in the lion city, proposes to unveil its Bitcoin perpetual futures. A spectacle for the eyes of institutional behemoths, yet a closed door for the retail crowd.
In a grand endeavor to broaden the institutional market’s horizon, SGX is crafting Bitcoin (BTC) perpetual futures, as per the whispers of Bloomberg, on the 10th day of March.
An SGX mouthpiece, with a voice steady as the earth, declared that the exchange aims to present a haven of trust for the trading of cryptocurrency futures, adorned with the prestigious Aa2 rating from Moody’s Ratings.
With a stern gaze fixed upon the retail masses, SGX’s Bitcoin products stand at the threshold of approval from the Monetary Authority of Singapore (MAS), the report declared with a solemn air.
What Sorcery are Bitcoin Perpetual Futures?
Bitcoin futures, those mystical derivatives of the digital realm, grant the power to trade on the value birthed from the very essence of cryptocurrency, without the burden of possession.
Whereas traditional crypto futures are bound by the chains of time, perpetual futures dance freely, with no expiration to shackle their movements.
In the era where Singapore stands as a beacon for cryptocurrency and blockchain, the MAS, with its crypto-friendly decrees, has doubled the crypto licenses, paving the way for perpetual Bitcoin futures to waltz into SGX’s grand ballroom.
Futures: The Rising Star of Crypto’s Firmament
Bloomberg’s scribes tell of SGX not being alone in the quest to launch Bitcoin futures trading in the city-state.
EDX Markets, a crypto firm with the might of Citadel Securities at its back, has also declared its intention to peddle crypto futures within Singapore’s borders.
And lo, from the Land of the Rising Sun, Osaka Dojima Exchange seeks approval to list Bitcoin futures, aiming to be among the first in Asia to embrace this digital gold.
CryptoMoon, with a heart full of inquiry, approached SGX and the MAS for words on the coming of Bitcoin perpetual futures, yet met with silence as the presses rolled.
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2025-03-10 15:22