PANews reported on March 10 that according to Bloomberg, Singapore Exchange Ltd. plans to launch Bitcoin perpetual futures, a move by traditional exchanges to further penetrate the cryptocurrency derivatives market. A spokesperson for the Singapore Exchange said the company intends to launch these contracts in the second half of 2025. The company will strictly target institutional clients and professional investors, and prohibit retail investors from trading these instruments.

The Singapore Exchange wants to be a bridge between regulated financial markets and the free-wheeling world of cryptocurrency trading. A spokesperson for the company said they believe its products will "significantly expand access to institutional markets." The planned products are still awaiting approval from the Monetary Authority of Singapore.