BlockBeats News, November 17th, according to CoinTelegraph’s report, a major derivatives exchange platform in Singapore announced that, to meet the growing institutional demand for digital assets, it will launch two new cryptocurrency futures products this month.
The SGX derivatives trading platform is set to launch Bitcoin and Ethereum perpetual futures. This type of financial derivative contract allows investors to engage in perpetual speculation on the underlying price. SGX stated in Monday’s announcement that the introduction of the new products is in response to the “rising institutional crypto demand and the blending of traditional finance with the crypto-native ecosystem” trend. The perpetual contracts will officially start trading on November 24th. These contracts will allow eligible and professional investors to engage in perpetual exposure to the underlying asset’s price with no expiry date, and all trades are regulated by the Monetary Authority of Singapore.
