PANews reported on November 17th that, according to CoinDesk, the Singapore Exchange (SGX) derivatives division will soon allow institutional investors to trade cryptocurrency perpetual futures contracts. SGX Derivatives announced on Monday that it will launch Bitcoin and Ethereum perpetual contracts on November 24th, promising to combine the structure and credibility of the global derivatives market with the flexibility of popular cryptocurrency trading instruments. SGX's perpetual futures are benchmarked against the iEdge CoinDesk Crypto Index, ensuring alignment with benchmarks widely used for institutional price discovery.

In August, the CEO of the Singapore Exchange (SGX) revealed that the SGX might list cryptocurrency perpetual futures contracts before the end of the year.