SGX files with CFTC for BTC and ETH perpetual futures for US institutions
- —SGX filed with the CFTC last month for BTC and ETH perpetual futures for the US
- —35% margin, fiat collateral, 22.5-hour trading five days a week, no ADL
- —Since November 2024, SGX perpetual futures volume has totaled about $6 billion
- —Hyperliquid's monthly BTC and ETH perpetual futures volume is $80–100 billion
Why it matters: Traditional exchanges are entering the crypto derivatives market, intensifying competition and potentially drawing institutional capital into the US.
Source: Bloomingbit