SGX’s Crypto Circus: Futures, Regulated & Ready to Jump 🚀💰

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Newsflash: The Singapore Exchange (SGX), fresh off its glittering, non-stop crypto ride, is rolling out Bitcoin and Ethereum perpetual futures on November 24. Because who doesn’t love a futures contract without an expiry date? 🎉

  • Yes, you read that right. No expiry! Keep trading until the cows come home-or until the exchange decides to take a coffee break.
  • Exclusive club alert: Only the elite-accredited and institutional investors-get the keys to this crypto castle. Sorry, plebs and hobbyists. 🤷‍♂️
  • These are cash-settled derivatives, meaning no actual Bitcoin or ETH exchange hands, just promised virtual handshakes in US dollars. Easy peasy.

In a bold move, SGX aims to nudge the steady stream of crypto derivative traders into its cuddly, regulated embrace-no more lurking on shady offshore platforms, we hope. The perpetual contracts are sized at 0.2 BTC and 5 ETH-perfect for bragging rights and (probably) risking a lot.

The trading hours will stretch like a cat napping in the sun: from 7:05 am to 4:00 pm Singapore Time, with a little extra late-night fun into the next day. SGX boss Michael Syn assures us that only the serious-professional, accredited, institutional-can wade into this pool. Because obviously, retail monsters are not invited to the party. 🎈

The Grand Plan (which took since the first quarter of 2025 to hatch):

SGX has been dreaming of this since early 2025, flirting with approval from the mighty MAS, because nothing says “trustworthy” like a regulated exchange with a shiny credit rating (Aa2, in case you’re interested). Its mission? To become the trusted middleman for crypto derivatives and curb the chaos of offshore platforms-where regulation is as rare as a unicorn. 🦄

Why bother? Because institutional demand is skyrocketing like a rocket fueled by money, with over two-thirds of global crypto volume banging on SGX’s door. The scale? Over $187 billion daily, which is a lot of zeros, depending on your math skills.

SGX’s secret weapon? Offering a safe, regulated bridge into the wild west of crypto trading. No more dodgy counterparties-just serious risk controls like price limits and strict oversight. Basically, it’s the corporate version of “trust me, I’m a banker.”

President Syn sums it up: “Digital assets are now a staple on institutional menus. Our next move? Applying good old-fashioned market discipline to crypto in our shiny, regulated playground. It’s about trust, scalability, and no more surprise crashes-well, hopefully.”

If these perpetual futures succeed, imagine SGX expanding the Crypto Kingdom: more products, tokenized assets, and maybe even unicorns. Because why not make the crypto circus a permanent, regulated fixture? 🤡🚀

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2025-11-17 20:37