Michael Sheen, president of SGX Holdings, said cryptocurrency perpetual futures have grown in popularity since their launch two weeks ago, and the growth represents new liquidity rather than cash being moved from elsewhere. "Like the launch of rupee/offshore RMB futures, it creates new markets without killing off over the counter." He also added that early trading volume trends indicate that seasoned institutional-grade hedge funds are interested, while cryptocurrency native players are also actively involved.
"Our goal is to have a parent contract for the Asian time zone," Syn said. In other words, the exchange aims to establish its BTC/ETH contract as a benchmark for Asian trading hours, becoming the preferred reference for pricing, settlement and liquidity in the time zone.
Singapore Exchange CEO: Cryptocurrency futures attract new liquidity rather than transferred funds
2025-12-09 09:55:55
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