Singapore Exchange (SGX) plans to launch Bitcoin perpetual futures contracts for institutional clients and professional investors, pending regulatory approval from the Monetary Authority of Singapore (MAS).
The Bitcoin futures contracts offered by SGX have no expiration date, allowing continuous Bitcoin price speculation.
This move signifies the increasing interest of traditional financial organizations in adding digital assets to their investment portfolios and the growing trend of institutional adoption of cryptocurrencies.
SGX's introduction of Bitcoin perpetual futures contracts will strengthen Singapore's position as the primary location for institutional Bitcoin investments in Asia.