SGX Launches BTC and Ether Perpetual Futures Tied to iEdge CoinDesk Indexes
The Singapore platform’s (SGX) derivatives arm it will begin trading perpetual futures for BTC and Ether on 24 November 2025, offering institutional and accredited investors regulated, platform-cleared access to two of the market’s most traded digital assets.
Perpetual futures are open-ended contracts with no settlement date; they use a periodic funding mechanism to keep the contract price close to spot.
By listing these instruments on a cleared, regulated venue, SGX aims to combine the continuous trading format popular with crypto native venues and the margining, clearing and operational secureguards expected by institutional participants.
SGX’s new contracts will reference the iEdge CoinDesk Crypto Indices, a set of benchmarks developed for price discovery and index-linked products. Benchmarking to established indices is intended to provide clearer price reference points for institutional trading and risk management.
Michael Syn, president of SGX Group, said:
“Digital assets have made their way into institutional investors’ portfolios. We’ve taken the next logical and deliberate step — applying the identical institutional discipline that underpins global markets to crypto’s most traded payoff.”
The platform clarified that the offering is aimed at professional, accredited and institutional clients rather than retail traders, reflecting regulatory and risk considerations for high-leverage crypto derivatives.
Market observers say this move reflects growing demand among Asian institutions for regulated derivatives that let them gain crypto exposure without taking custody of the underlying assets.
Some also warned that macro uncertainties—especially around U.S. interest rates—could affect future trading volumes, even amid revived institutional interest.
SGX’s cleared perpetual format could be a major driver for more asset managers, banks, and hedge funds to enter crypto markets from a regulated, on-shore base — if adoption proves strong.
SGX Launches Comes At Critical Point
SGX’s decision to roll out BTC and Ether perpetual futures comes as the platform steps deeper into digital-asset derivatives. The new contracts, benchmarked to the iEdge CoinDesk indices, formalize plans and give institutional investors a regulated alternative to offshore perpetual markets.
The launch arrives at a moment when investor sentiment in . SGX’s latest quarterly survey shows both retail and institutional participants adopting defensive positions as global uncertainties persist.
Higher interest rates and geopolitical risks have pushed many toward income-oriented and capital-preservation strategies.
At the identical time, trading activity on the platform has strengthened. SGX reported a year-on-year rise in both securities turnover and derivatives volumes in July, with growth across equities, FX and commodity contracts. The uptick reflects investors’ increasing use of listed products to manage volatility and reposition portfolios.
