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Singapore is making a bold step into the future of finance as the Singapore Exchange (SGX) announces plans to introduce perpetual Bitcoin futures in the latter half of 2025. Targeted towards institutions and professional investors these futures will have no expiry date and are designed to expand the current crypto offerings significantly.
Adding to the diverse landscape of financial innovation in Singapore the AsiaNext and EDXM platforms already provide similar trading options. AsiaNext a partnership between Switzerland’s SIX and SBI Digital Asset Holdings offers both Bitcoin and Ether derivatives against dollars and calendar futures. Shortly after AsiaNext’s debut EDXM Global followed suit launching trading services against stablecoins.
With this move SGX continues to deepen its foray into the blockchain and crypto space. Since its collaboration with Temasek to establish the FundNode blockchain infrastructure and its involvement in the DBS Digital Exchange SGX has been at the forefront of integrating blockchain technology into traditional finance. This initiative underscores Singapore’s commitment to positioning itself as a leader in the evolving world of digital assets.
