The Singapore Exchange (SGX) has made a significant foray into the cryptocurrency market with the launch of Bitcoin and Ethereum perpetual contracts. On their inaugural trading day, these contracts facilitated 2,000 transactions and recorded a notional volume exceeding $35 million, indicating strong institutional interest in regulated crypto derivatives within Asia. This move marks a notable milestone for SGX, known for its traditional financial instruments, as it aligns with Singapore’s strategy of embracing digital assets while maintaining a secure and well-regulated trading environment. Institutional investors are driving this momentum. The new contracts offer an innovative solution to gain exposure to BTC and ETH price movements without direct ownership of the underlying assets, providing flexibility and efficiency for traders.