TechFlow, Nov 17 — According to Jinshi Data, the Singapore Exchange (SGX) announced that institutional investors will be able to trade Bitcoin and Ethereum perpetual futures contracts on the exchange, aiming to capitalize on the growing momentum in digital assets. SGX stated on Monday that the contracts will launch on November 24 and will adopt a continuous contract structure. These cryptocurrency perpetual contracts will be benchmarked to the iEdge CoinDesk Cryptocurrency Index series, which provides real-time benchmark prices and reference rates for Bitcoin and Ethereum. Unlike traditional futures contracts, perpetual futures have no expiry date and can be held indefinitely. Such crypto derivatives allow traders to maintain leveraged positions to track cryptocurrency price movements.
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