US Institutions Can Trade Bitcoin and Ethereum Perpetual Futures as SGX Secures CFTC Authorization

OdailyOdaily

Odaily News: The Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10, allowing U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures. KC Lam, head of crypto derivatives at SGX, said the move connects traditional U.S. financial trading institutions with Asian liquidity pools. SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025, with cumulative trading volume reaching $5.8 billion, or about 400,000 contracts, as of August this year, averaging about 1,300 contracts and $19 million in notional value per day. Bitcoin accounted for 66% of cumulative open interest and 83% of average daily volume.

SGX said the account opening and onboarding process for U.S. clients typically takes 2 to 4 weeks, and it expects to begin serving U.S. clients in the next 1 to 2 months. SGX uses traditional margin calls and collateral top-up mechanisms, with clearing members bearing the intermediary risk buffer, and does not accept stablecoins as collateral. SGX next plans to launch Bitcoin and Ethereum periodic futures and options products, and gradually expand to other major crypto assets.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.