SGX Targets US Institutions with Crypto Perpetual Futures

Singapore Exchange (SGX) is targeting US institutions by planning to offer crypto perpetual futures. The move comes as US regulators become more open to regulated crypto derivatives.

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

President Trump's support for policies promoting the digital asset industry is also contributing to this shift.