Overview
- SGX Derivatives will list exchange-cleared Bitcoin and Ether perpetual futures on Nov. 24 for institutional, accredited and expert investors, benchmarked to the iEdge CoinDesk Crypto Indices.
- SGX’s contracts include 0.2 BTC and 5 ETH sizes, USD cash settlement, a funding-rate mechanism capped at ±35 basis points, and defined T and T+1 trading sessions in Singapore time.
- Cboe will list Bitcoin (PBT) and Ether (PET) continuous futures on Dec. 15 with 10-year expirations at listing and daily cash adjustments designed to track spot prices.
- Cboe’s contracts use Kaiko real-time rates for daily funding adjustments, are cash-settled, clear through Cboe Clear U.S., and trade 23 hours a day, Sunday evening to Friday evening ET.
- Perpetual-style derivatives account for more than about $187 billion in daily crypto volumes, and the new products aim to onshore that liquidity with margining, risk controls and standardized clearing.