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Highlights
- SGX reveals plans to list Bitcoin open-ended futures contracts by second half of 2025.
- The news was rolled out via an email by a company spokesperson recently.
- Singapore joins the pro-crypto race alongside US.
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 Bitcoin 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.
Japan Joins The Fray?
Also, CoinGape recently reported that even Japan seeks to launch crypto-backed ETPs. Reportedly, Japan sought crypto ETFs listing, as signaled by the nation’s ruling party’s recent proposal about cryptocurrency regulation.
Besides, it’s noteworthy that regulatory approval from the MAS (Monetary Authority of Singapore) is yet to be secured for the abovementioned feat. Nevertheless, SGX’s plan echoed a frenzy across the broader market, signaling the growing adoption of cryptocurrencies despite their volatile nature.
Market Crumbles Despite Pro-Crypto Ushers
Meanwhile, despite robust pro-crypto advancements, such as the White House crypto summit, U.S. BTC reserve, and crypto stockpile announcement, the market is yet to witness an uptick. Bitcoin backtracked to as low as $80K this Monday, whereas major altcoins also reversed recent gains. Reportedly, this waning action comes against the backdrop of over $680 million in liquidations across the crypto market, with macro fears also persisting due to new U.S. tariffs.
Simultaneously, even the SGX’s plan to list Bitcoin futures contracts ahead failed to bring a bullish wave in the industry. Traders and investors are scratching their heads as the crypto market shows extreme volatility despite the most bullish developments unfolding across the broader sector over the last week.
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