On November 17th, as reported by CoinTelegraph, a major derivatives exchange platform in Singapore announced that, in order to meet the increasing institutional demand for digital assets, it will launch two new cryptocurrency futures products this month. The SGX derivatives trading platform is scheduled to launch Bitcoin and Ethereum perpetual futures. This kind of financial derivative contract enables investors to engage in perpetual speculation on the underlying price. SGX stated in Monday’s announcement that the introduction of the new products is in response to the trend of “the rising institutional crypto demand and the blending of traditional finance with the crypto-native ecosystem”. The perpetual contracts will officially start trading on November 24th. These contracts will allow eligible and professional investors to have perpetual exposure to the underlying asset’s price without an expiration date, and all trades are regulated by the Monetary Authority of Singapore.
