SGX receives CFTC authorization to offer Bitcoin and Ethereum perpetual futures to U.S. institutional investors, with U.S. client onboarding expected in 1–2 months.
DeFi & Yields ·
Singapore Exchange has obtained CFTC authorization under Regulation 48.10 to permit U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures contracts. The platform's crypto perpetuals have accumulated $5.8B in cumulative volume since launching in November 2025, with U.S. client onboarding expected to commence within one to two months.
The approval widens the regulated pathway for institutional participation in BTC and ETH derivatives trading. By extending access to a U.S. client base, the venue may attract additional order flow and capital to its perpetuals offering, potentially strengthening liquidity and price discovery mechanisms on the platform.
The timing and specifics of U.S. onboarding remain subject to completion within the stated one- to two-month window. Broader market impact will depend on the volume of institutional adoption and how SGX's derivatives compete with established U.S. and international futures platforms.