SGX Eyes US Expansion with Bitcoin and Ether Perpetual Futures
Singapore Exchange (SGX) is planning to expand its cryptocurrency derivatives business into the US market, offering Bitcoin and Ether perpetual futures to institutional investors. The exchange filed with the US Commodity Futures Trading Commission (CFTC) last month for the offering.
As a registered overseas exchange, SGX can provide the products to US institutions if the regulator raises no objection within 10 days. This move comes as US regulators have taken steps towards bringing crypto perpetual futures into the regulated market.
SGX launched Bitcoin and Ether perpetual futures in November 2025 and is now looking to attract a larger institutional investor base in the US. The exchange plans to offer its contracts for 22 hours and 30 minutes a day, five days a week, with members needing to maintain a 35% margin and use fiat currency as collateral.
The move puts SGX in competition with crypto native platforms, such as Hyperliquid, which handles around $80 billion - 100 billion in Bitcoin and Ether perpetual futures each month. In contrast, SGX has recorded about $6 billion across its perpetual futures since launch.