Singapore‘s main stock exchange is diving into digital assets. SGX announced Monday it will start offering perpetual futures on Bitcoin and Ether, beginning November 24. The new products will be available only to its accredited and institutional clientele.
These leveraged derivatives, which track crypto prices without an expiry, provide a way for major investors to hedge risk or speculate in the volatile market.
The launch taps into the year’s crypto surge, even as recent concerns over US monetary policy have tempered the rally.
