Singapore Exchange to Introduce Perpetual Futures for Bitcoin and Ether
Launch of Cryptocurrency Futures: Singapore Exchange (SGX) announced the launch of bitcoin and ether perpetual futures trading on November 24, aimed at accredited and institutional investors.
Features of Perpetual Futures: These derivatives allow traders to speculate on asset prices without an expiry date, providing continuous access and high leverage, making them attractive in volatile markets.
Market Context: The cryptocurrency market has seen significant growth this year, driven by expectations of regulatory easing and increased risk appetite, although recent concerns about the U.S. economy have tempered this momentum.
Bitcoin Price Trends: Bitcoin reached a record high in October but has since experienced a slowdown in its rally due to investor apprehensions regarding Federal Reserve rate cuts and economic conditions.
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