Singapore-based Exchange Group is planning to launch open-end bitcoin future contracts in the second half of 2025.
Singapore Exchange, the primary asset exchange of the region, in the second half of 2025, plans to launch bitcoin (BTC) always futures contracts as traditional exchange expands its offerings in the Crypto derivative market.
One in vaccine For Bloomberg on 10 March, an SGX spokesman said the company would focus on institutional customers and professional investors, with retail customers excluded from access. While no specific time limit was revealed, the spokesperson said that the offering would “expand the institutional market access to the institutional market” for the cryptocurrency.
Products still require approval from the monetary authority of Singapore. Always futures, which have no expiry date, allow traders to bet on price changes without the owner of the underlying property. These contracts are already popular on offshore crypto exchanges, in which stronghold-supported enterprises are also planning to offer futures in Singapore.
In mid -February, Crypto.news reported that Robinhood Crypto aims to roll its crypto services for Singapore users under local rules by the end of 2025 recently through the recently acquired Crypto Exchange Bitstamp. Robinhood acquired the bitstamp in a $ 200 million deal in June 2024. As Johan Kerbrate, Vice President and General Manager of Robinhood Crypto, was previously explained, the company chose to acquire Bitstamps due to its Singapore license.
The Bitstamp received an one-Chief approval from the monetary authority of Singapore in 2024. The exchange will serve as an entrance to Robinhood to expand its services in the Singapore market under the guidance of local regulators.
