Overview
- Trading is scheduled to start on Nov. 24 with bitcoin and ether contracts listed on SGX Derivatives in a regulated, exchange‑cleared venue.
- The products use traditional margining and clearing with a funding‑rate mechanism to keep prices aligned with spot markets.
- Prices will reference the iEdge CoinDesk Crypto Indices, providing real‑time benchmarks and a daily reference rate for institutional price discovery.
- SGX says the design lets institutions gain crypto exposure without holding the underlying assets, improving portfolio precision and capital efficiency.
- Banks and trading firms including DBS, OKX Singapore, Bitstamp by Robinhood, GSR, QCP and Virtu welcomed the launch, which targets onshoring a market that drives about $187 billion in daily perpetuals volume.