New Exchange Bitcoin and Ethereum Perpetual Futures First Day Trading Volume Reaches About $35 Million

BlockBeats News, November 25th, on the first day of the launch of Bitcoin and Ethereum perpetual futures on the Singapore Exchange (SGX), nearly 2000 contracts were traded, with a nominal value of approximately $35 million. The closing open interest was about 58 contracts, equivalent to about $1 million.

The trading exhibited tight spreads, with the funding rate stable at 3 basis points, and healthy liquidity. Eight clearing members participated in the support, including Bright Point, Guotai Junan Futures, KGI, Marex, Nanhua, Oriental Futures, Phillip Nova, and StoneX.