Singapore Exchange Seeks US Approval for Crypto Perpetual Futures
Singapore Exchange Ltd. is on the verge of offering its cryptocurrency perpetual futures to US institutions, becoming the first major traditional exchange to bring this popular trade into the mainstream.
The exchange filed with the Commodity Futures Trading Commission last month to offer these contracts to US investors. As a registered overseas exchange, it can offer the products to US institutions if it receives no objection within 10 days.
This move gives SGX access to a deeper pool of hedge funds, asset managers, and proprietary trading firms after the exchange launched Bitcoin and Ether perpetual futures last November.