Singapore Exchange (SGX), the largest exchange group in Singapore, reportedly plans to debut Bitcoin perpetual futures in the second half of 2025.

SGX is working to introduce Bitcoin (BTC) perpetual futures for institutional and professional investors in an effort to “expand institutional market access,” Bloomberg reported on March 10.

A spokesperson at SGX reportedly said that the company expects to offer a trusted alternative for trading cryptocurrency futures with its Aa2 rating by Moody’s Ratings.

Strictly restricting retail investors, SGX’s planned Bitcoin products are awaiting approval from the Monetary Authority of Singapore (MAS), the report stated.

What are Bitcoin perpetual futures?

Bitcoin futures fall under the category of cryptocurrency derivatives, which offer investors the ability to trade on the value derived from the price of an underlying cryptocurrency and speculate on future price movements without holding the asset.

By default, traditional crypto futures allow investors to speculate on the price by a certain date and time, while perpetual futures offer no expiration date.

The potential arrival of perpetual Bitcoin futures to SGX comes amid Singapore becoming a global leader in cryptocurrency and blockchain acceptance, with the MAS adopting crypto-friendly regulations and doubling the number of crypto licenses in 2024.

Futures emerge as a growing trend in crypto

According to Bloomberg, SGX is not the only exchange seeking the launch of Bitcoin futures trading in Singapore.

EDX Markets, a crypto asset firm backed by Citadel Securities, reportedly announced plans to offer crypto futures in the city-state in January 2025.

Related: Sygnum adds off-exchange crypto custody to Deribit with Fireblocks tech

On March 4, Bloomberg News also reported that Japan’s Osaka Dojima Exchange — a Japanese-listed derivatives exchange — was also looking for approval to list Bitcoin futures in Japan.

If approved, Dojima could become one of the first traditional exchanges in Asia to handle Bitcoin futures.

Cointelegraph approached SGX and the MAS for a comment regarding the potential introduction of Bitcoin perpetual futures on the exchange but did not receive a response at the time of publication.

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