Which exchange launched institutional crypto futures?

TLDR

Singapore Exchange (SGX) Derivatives is launching institutional crypto futures, specifically Bitcoin and Ether perpetual futures for accredited and expert investors in Singapore exchange notice coverage.

1. Access is restricted to institutional, accredited, and expert investors, with trading set for Nov 24 %%CKPROTECTED0%%.
2. The products are exchange?cleared perpetual futures benchmarked to iEdge CoinDesk Crypto Indices industry report.

Deep Dive

1. Access and Timing

SGXs derivatives arm is introducing Bitcoin (BTC) and Ether (ETH) perpetual futures to meet rising institutional demand, with first trading targeted for Nov 24 under MAS oversight exchange notice coverage.

• Contracts are limited to accredited, institutional, and expert investors defined by Singapores regime market update.
• SGX positions this as bringing traditional clearing and margining standards to crypto derivatives in Asia industry report.

2. Product Design

These are exchange?cleared perpetual futures with no expiry, using funding rates to align with spot prices and referencing iEdge CoinDesk indices industry report.

• Bitcoin contract size is 0.2 BTC and Ether is 5 ETH, both cash?settled in USD, with funding rate caps to stabilize pricing market update.
• The move complements global developments, with Cboe preparing perpetual?style continuous futures in December, underscoring institutional interest in regulated derivatives market update.

Conclusion

Answer: SGX Derivatives. Its institutional, exchange?cleared perpetual futures for BTC and ETH add a regulated onshore venue for professional crypto exposure in Asia, potentially shifting liquidity from offshore platforms toward transparent, risk?managed markets.