Singapore Stock Exchange "Will List Bitcoin Perpetual Futures in Second Half of This Year"
Summary
- The Singapore Stock Exchange announced plans to list Bitcoin perpetual futures in the second half of this year.
- The exchange emphasized that this listing will greatly expand institutional access to the digital asset market.
- The product is awaiting approval from the Monetary Authority of Singapore and will be targeted at institutions and professional investors, with individual trading prohibited.
The Singapore Stock Exchange has revealed plans to list Bitcoin (BTC) perpetual futures.
According to Bloomberg on the 10th (local time), a spokesperson for the Singapore Stock Exchange stated, "We plan to list Bitcoin perpetual futures in the second half of this year," adding that "the launch of these perpetual futures will significantly expand institutional access to the digital asset (cryptocurrency) market." They further added, "We are seeking to play a role in connecting regulated traditional financial markets with the digital asset (cryptocurrency) market."
The Bitcoin perpetual futures product is currently awaiting approval from the Monetary Authority of Singapore. However, the product will be available only to institutions and professional investors, with trading prohibited for individuals.
The media outlet described this as "a signal that traditional financial exchanges are interested in the Bitcoin derivatives market," and predicted that similar moves would follow (in other countries) in the future.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
