SGX to Launch Asia’s First Crypto Perpetual Futures Nov 24

Singapore Exchange Derivatives will introduce Bitcoin and Ethereum perpetual futures on Nov. 24, becoming the first major Asian exchange to offer these products.

The contracts are available to institutional, accredited, and expert investors under Singapore's regulations.
Benchmarked to iEdge CoinDesk Crypto Indices, they allow continuous trading without expiry dates.
Contract Details:
- Bitcoin: Sized at 0.2 BTC, minimum price fluctuation of $1.
- Ethereum: Sized at 5 ETH, same tick value as Bitcoin.
Utilizes a funding rate mechanism capped at ±35 basis points to ensure stability.
Trading sessions occur in Singapore time:
- T session: 7:05 a.m. to 4:00 p.m.
- T+1 session: 4:05 p.m. to 5:15 a.m. the following day.
Access is limited to participants with net personal assets over S$2 million or annual income over S$300,000, including institutional entities and expert investors.

The launch aligns with Singapore's broader tokenization efforts and regulated digital asset infrastructure initiatives by the Monetary Authority of Singapore (MAS).

Market Context

Perpetual futures account for over $187 billion in daily global trading volume, mostly on unregulated platforms.
SGX follows similar products by Bitnomial Exchange and Coinbase Derivatives in the US, and One Trading in the EU.
This is the first opportunity for Asian institutional investors to access exchange-cleared perpetual futures for Bitcoin and Ethereum within a regulated venue.