Crypto
SGX Wins CFTC Approval for Bitcoin and Ether Perpetual Futures
Singapore Exchange (SGX) has obtained approval from the US Commodity Futures Trading Commission to offer its Bitcoin and Ether perpetual futures directly to American institutional investors.
The approval comes under CFTC Regulation 48.10, which allows registered Foreign Boards of Trade to grant US participants direct access to their products without requiring those participants to register domestically.
KC Lam, SGX Group's head of crypto derivatives, called the approval 'an important milestone' for connecting American finance participants with Asian liquidity pools.