SGX Bitcoin and Ethereum Perpetual Futures Hit $250M Cumulative Volume
Singapore Exchange has logged $250 million in cumulative volume on its Bitcoin and Ethereum perpetual futures since launch two weeks ago, CoinDesk reported. SGX president Michael Syn said the contracts are attracting fresh liquidity rather than capital moving from other venues. Institutional investors are primarily using these regulated contracts for spot-futures arbitrage instead of taking outright long positions.