Singapore is said to be the largest exchange group in Singapore, plans for the emergence of permanent futures in Bitcoin in the second half of 2025.
SGX offers Bitcoin (BTC) Permanent future contracts for institutional investors and professionals in an attempt to “expand access to institutional markets”, Bloomberg I mentioned On March 10.
According to SGX, a SGX spokesman said that the company expects to provide a reliable alternative to the currency currency futures, with its classification by Moody’s.
The report stated that strictly planned Bitcoin products are strictly restricted, awaiting bitcoin products planned from SGX approval from the Monetary Authority in Singapore (MAS).
What are the permanent futures for bitcoin?
Bitcoin futures fall under the category Cracks derivativesWhich provides investors the ability to trade on the value derived from the price of the basic cryptocurrency and predict future price movements without maintaining the original.
Future contracts for encryption allow investors to predict the price of a certain date and time, while The permanent future contracts do not provide expiration date.
Permanent access to bitcoin decades comes to SGX in the world’s world leader in the cryptocurrency and Blockchain acceptance, with MAS adopts encryption regulations And double the number of encryption licenses in 2024.
Futures appear as an increasing trend in encryption
According to Bloomberg, SGX is not the only stock exchange to launch Bitcoin Futures in Singapore.
According to what was reported, EDX Markets, a Citadel Securities, announced plans to submit futures for encryption contracts in the city in January 2025.
Related to: SYGNUM adds an out -exchange encryption nursery to heat Fireblocks technology
On March 4, Bloomberg News as well I mentioned Osaka Dujima exchanged in Japan-the exchange of derivatives from the Japanese menu-was also looking for approval to list the future contracts for Bitcoin in Japan.
If approved, Dojima can become one of the first traditional exchanges in Asia to deal with futures for bitcoin.
Cointelegraph is approaching SGX and MAS to comment regarding the potential introduction to the permanent bitcoin contracts on the stock exchange, but it did not receive a response at the time of publication.
magazine: Bitcoin’s possibilities in June, SOL 485 million dollars, and more: Hodler’s Digest, 2-8 March
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