The Singapore Exchange (SGX) announced the launch of perpetual futures on Bitcoin and Ether, available to accredited and institutional investors starting November 24, 2025. According to analysts at FinancialMediaGuide, the introduction of these instruments reflects the growing interest of institutional participants in regulated crypto derivatives with transparent infrastructure and centralized clearing. Perpetual contracts have no expiration date, allowing positions to be held continuously, while the funding rate mechanism ensures alignment between the futures price and the underlying asset, reducing discrepancies between spot and derivative quotes.
SGX contracts will be linked to the iEdge CoinDesk Crypto indices, providing a transparent benchmark for calculations and clearing. At FinancialMediaGuide, we see this as having the potential to increase institutional investor confidence and standardize the valuation of crypto assets. SGX emphasizes that perpetual futures are traded under a centralized clearing model with margin requirements similar to traditional futures. This combination of a regulated environment and proven calculation methodology reduces counterparty risk and ensures the stability of the instruments for institutional participants.
The average daily global trading volume of perpetual crypto futures exceeds $187 billion, and FinancialMediaGuide sees an opportunity to shift part of this turnover to SGX’s regulated platform, which could support liquidity growth in the Asian crypto market. Market participants’ reactions confirm the relevance of the new product: DBS Bank noted that perpetual futures allow for more precise management of crypto exposure than the spot market, while OKX Singapore highlighted the importance of transparent regional benchmarks for institutional clients.
Despite the regulated environment and clearing, perpetual futures remain highly volatile and require strict risk management, especially when leverage is used. FinancialMediaGuide emphasizes the importance of adhering to margin standards and considering the impact of the funding rate on long-term positions to minimize risks.
The launch of SGX perpetual futures creates an institutionally oriented platform for exposure to Bitcoin and Ether and opens the possibility of moving a significant portion of trading from unregulated exchanges to a secure infrastructure. Financial Media Guide forecasts that this development will increase liquidity, standardize clearing, and promote the integration of cryptocurrency derivatives into Asia’s financial system. Institutional market participants are advised to use the new instruments for hedging and risk management, taking into account the funding rate and maintaining margin standards.
