SGX opens Bitcoin and Ethereum perpetual futures to US institutions, bridging Asian crypto liquidity

BlockBeats news, September 10 — The Singapore Exchange (SGX) has been authorized by the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10 to allow U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures. KC Lam, head of crypto derivatives at SGX, said the move connects traditional U.S. financial trading institutions with Asian liquidity pools and also signifies that crypto derivatives are further entering the regulated traditional financial system.

SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025. As of August this year, cumulative trading volume reached $5.8 billion, or about 400,000 contracts, with average daily volume of about 1,300 contracts and a notional value of $19 million. Of that, Bitcoin accounted for 66% of cumulative open interest and 83% of average daily volume.

SGX said the account opening and onboarding process for U.S. clients typically takes 2 to 4 weeks, and it expects to begin serving U.S. clients in the next 1 to 2 months. Unlike crypto-native exchanges, SGX uses traditional margin calls and additional collateral mechanisms, with clearing members bearing the intermediary risk buffer, and it does not accept stablecoins as collateral.

SGX next plans to launch periodic futures and options products for Bitcoin and Ethereum, and gradually expand to other major crypto assets.