SGX opens crypto futures to U.S. institutions

SGX gains CFTC approval, letting U.S. institutions trade bitcoin and ether perpetual futures. Trading starts in 1–2 months, with more crypto products planned.

The Singapore Exchange (SGX) has secured authorization from the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10. This approval allows U.S. institutional investors to directly trade SGX’s bitcoin and ether perpetual futures for the first time, bridging American and Asian crypto markets. Since launching its crypto perpetual futures in November 2025, SGX has processed $5.8 billion in cumulative trading volume. Bitcoin represents 66% of open interest and 83% of daily trading volume. SGX uses traditional margin call and collateral mechanisms, does not accept stablecoins as collateral, and relies on clearing members as a risk buffer. The onboarding process for U.S. clients is expected to take two to four weeks, with trading access anticipated within one to two months. SGX also plans to expand its offerings with dated futures and options for bitcoin and ether, and may gradually include other mainstream crypto assets. This move could shift trading volume from U.S. exchanges and reshape the domestic crypto market.