The Singapore Exchange (SGX) marked a monumental stride on Monday, revealing plans to list open-ended Bitcoin futures contracts shortly ahead. This mover gained significant traction amid global pro-crypto developments, such as Trump’s push for a strategic Bitcoin reserve and crypto stockpile.
SGX To Launch Open-Ended Bitcoin Futures Contracts In 2025
According to a Bloomberg report on March 10, SGX is planning to launch open-ended Bitcoin futures contracts as soon as the second half of 2025. This news was revealed by a company spokesperson via an email, per the report.
Notably, this endeavor is set to offer services strictly to institutional clients and professional investors. Meanwhile, retail traders are to be excluded from trading this product.
For context, the decision by a prominently established exchange operator to list BTC futures contracts signals a paradigm shift in interest towards cryptocurrencies, coming in an effort to not lag in the global pro-crypto race.
So far, Donald Trump’s pro-crypto advancements, such as the BTC reserve and a crypto stockpile announcement, have heated the global race for tapping into crypto’s full potential. Also, CoinGape recently reported that even Japan sought to launch crypto-backed ETPs.
Reportedly, Japan sought crypto ETFs launch, as indicated by the ruling party’s recent regulatory proposal about crypto.
Besides, it’s noteworthy that regulatory approval from the MAS (Monetary Authority of Singapore) is yet to be secured. Nevertheless, SGX’s plan has echoed a frenzy across the broader market, signaling the growing adoption of cryptocurrencies despite their volatile nature.
The post Just-In: Bitcoin Futures Contracts To Launch On Singapore Exchange SGX appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed