Singapore Exchange Derivatives will launch bitcoin and ethereum perpetual futures on November 24, bringing exchange clearing and institutional grade standards to a derivative structure popular in crypto markets.

The contracts provide continuous exposure without expiry dates and will be available to institutional, accredited and expert investors within a regulated, exchange cleared framework. The launch represents a significant step in bringing crypto derivatives onto established market infrastructure. Compared to other markets, derivatives play a far more significant rule in cryptocurrency trading. During past 24 hours, derivative volumes for the top two exchanges Binance and Bybit was $76 billion and $24 billion respectively, according to CoinGecko. That compares to cash volumes of $20 billion and $4 billion.

Perpetual futures represent more than $187 billion in daily trading volumes globally, with much of that activity currently settled on offshore platforms outside traditional exchange environments. By offering these products with centralized clearing, SGX aims to provide institutions with the risk management and operational standards they expect from listed derivatives.

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