Overview
- SGX’s no‑expiry BTC and ETH contracts will reference iEdge CoinDesk Crypto Indices and clear on the exchange, with access limited to institutional, accredited and expert investors under Singapore rules.
- Product specs include cash settlement in USD, 0.2 BTC and 5 ETH contract sizes, $1 tick value, and a funding‑rate mechanism capped at ±35 basis points to stabilize pricing.
- Trading on SGX begins Nov. 24 with defined T and T+1 sessions, bringing onshore alternatives to offshore perpetual markets that account for more than roughly $187 billion in daily derivatives volume.
- Cboe’s Bitcoin and Ether Continuous Futures are scheduled to start Dec. 15 pending regulatory approval, featuring 10‑year expirations at listing and daily cash adjustments to track spot.
- Cboe will clear through Cboe Clear U.S., use Kaiko real‑time rates, run 24×5 trading, and pitch the design as a way to avoid contract rollovers and reduce counterparty risk for institutions.