Summary
- The Singapore Exchange announced plans to launch a Bitcoin perpetual futures product by the end of the year.
- The product launch is targeted at institutional and professional investors.
- SGX stated it is pursuing a strategy to expand its product lineup to diversify asset classes.
The Singapore Exchange (SGX) announced plans to launch a Bitcoin (BTC) perpetual futures product for institutional and professional investors by the end of this year.
According to CryptoBasic, a cryptocurrency-focused media outlet, on the 21st (local time), this plan is seen as a strategic move by SGX to expand its product lineup to diversify asset classes amid growing global interest in cryptocurrencies.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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