Bitcoin & Ether Futures: SGX’s Wild Crypto Rodeo 🤠

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Darling, hold onto your monocles-Singapore Exchange’s derivatives arm is about to spice up the crypto circus with perpetual futures. Because nothing says “institutional discipline” like betting on digital pixie dust around the clock. 💎✨

The Essentials (for those who skim before losing money):

  • SGX Derivatives is tossing BTC and ETH perpetuals into the ring on Nov. 24. 🎰
  • Contracts will cling to the iEdge CoinDesk Crypto Indices-because benchmarks make everything feel official, don’t they?
  • Perpetual futures: like regular futures, but without the pesky expiry. Perfect for those who enjoy financial limbo. 🤹‍♂️

Ah, perpetual futures-the crypto world’s answer to “Why stop when you can keep losing money indefinitely?” Singapore Exchange, ever the gracious host, is now offering institutions the thrill of betting on Bitcoin and Ether with no expiration date. How modern. 🥂

“Digital assets have slithered into institutional portfolios,” declared Michael Syn, president of SGX Group, with the gravitas of a man who’s seen things. “We’re applying discipline-yes, discipline-to crypto’s most chaotic toy.” How reassuring. 🎩

These perpetual futures, darling, are the Wild West of finance-no expiry, no rules, just pure, unadulterated speculation. Perfect for crypto enthusiasts who despise deadlines (and, presumably, sleep). Meanwhile, offshore venues continue raking in $187 billion daily. Who needs regulation when you have vibes? 💸

The contracts will reference the iEdge CoinDesk Crypto Indices-because nothing says “trust” like a benchmark named after an edge. Andy Baehr of CoinDesk Indices gushed, “We’re delighted to support this innovative contract.” Translation: “Chaos, but make it institutional.” 🎭

Industry Players React (With Measured Enthusiasm)

DBS Bank and OKX, ever the polite guests, applauded SGX’s new offering. Patrick Yeo of DBS called it a “robust and responsible” step-because perpetual futures are famously known for their restraint. Gracie Lin of OKX Singapore praised the “transparency” of benchmarks. Bless. 🌟

So, there you have it-another day, another derivative. Will institutions flock to this shiny new toy? Only time (and funding rates) will tell. Until then, place your bets, darlings. 🎲

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2025-11-17 12:33