Overview
- SGX Derivatives will list exchange‑cleared bitcoin and ether perpetual futures on Nov. 24, referencing iEdge CoinDesk indices and limited to institutional, accredited and expert investors under Singapore rules.
- Cboe plans to launch Bitcoin (PBT) and Ether (PET) Continuous Futures on Dec. 15 pending final regulatory review, with 10‑year terms and daily cash adjustments that replicate perpetual mechanics.
- Cboe’s contracts will be cash‑settled, centrally cleared through Cboe Clear US, reference Cboe Kaiko Real‑Time Rates, and offer potential cross‑margining with existing CFE crypto futures.
- SGX’s product specs include cash settlement in USD, a funding‑rate mechanism with caps to stabilize pricing, and defined trading sessions under Singapore time.
- Perpetual futures drive more than $187 billion in daily global crypto derivatives volume, and the two exchanges are positioning regulated venues to capture institutional demand previously concentrated offshore.