SGX Eyes US Market with Bitcoin, Ethereum Perpetual Futures

The Singapore Exchange (SGX) is expanding its crypto business into the US by planning to offer Bitcoin and Ethereum perpetual futures to American institutions. This move comes as US regulators become more open to crypto derivatives, with President Donald Trump continuing to support policies that promote the digital asset industry.

SGX has asked the US CFTC for permission to offer its Bitcoin and Ethereum perpetual futures to US investors. The exchange launched these products in November, and now wants to attract more US hedge funds, asset managers, and trading firms.

The rise of perpetual futures is transforming the crypto market, with traditional exchanges challenging crypto giants in this growing space. This new development could further accelerate the growth of the digital asset industry in the US, which has been gaining momentum in recent years.