Singapore Exchange (SGX) will launch perpetual contracts for Bitcoin and Ethereum, targeting growing institutional demand.

According to the latest news from ChainCatcher, as reported by Cointelegraph, the derivatives division of the Singapore Exchange (SGX) has officially announced the launch of perpetual contracts for Bitcoin and Ethereum on November 24th this year.

This move marks a further integration of traditional financial infrastructure and the digital asset sector, aiming to bring the structure, transparency, and credibility of mature global derivatives markets to the rapidly developing cryptocurrency trading field.

SGX stated that the perpetual contracts launched will balance institutional-grade risk control standards with the trading flexibility unique to the cryptocurrency market, meeting investors' demand for efficient and secure crypto asset derivatives.

This not only provides institutional participants with a more compliant and robust trading channel but also further enriches the diversity of digital asset products. It is worth noting that as early as August this year, there were reports that the Singapore Exchange planned to launch cryptocurrency perpetual futures contracts before the end of the year; now, with the announcement of the specific date, the plan has officially materialized.

This move is also seen as an important step for SGX to seize the initiative in the global wave of digital financial innovation, and is expected to enhance Singapore's competitiveness as an international financial center in the digital asset field.

With the launch of Bitcoin and Ethereum perpetual contracts, SGX will further expand its influence in the cryptocurrency derivatives market and build a more standardized bridge for traditional market investors to participate in the crypto economy.