Singapore Exchange Launches Bitcoin and Ethereum Futures: Strong Initial Demand

The Singapore Exchange’s derivatives market opened strong with Bitcoin and Ethereum perpetual futures contracts attracting significant trading volume on their launch day. According to Odaily, the combined trading volume reached nearly 2,000 contracts on the first day of trading, generating a nominal value of approximately $35 million. The successful launch was supported by eight clearing institutions: Bright Point International, Guotai Junan Futures, KGI Securities, Marex, Nanhua Singapore, Orient Futures, Phillip Nova, and StoneX Financial.