SGX president: New crypto perpetuals attract fresh institutional liquidity

The Singapore Exchange's (SGX) crypto perpetual futures, launched two weeks ago, are gaining significant traction, SGX President Michael Syn said in an interview with CoinDesk. He noted that trading volumes for the exchange's BTC and ETH perpetual futures have surged since their debut, supplying new liquidity to the market rather than drawing funds from elsewhere. Syn suggested the products are meeting demand from institutional investors, particularly for basis trading during Asian market hours. He also highlighted that SGX manages risk with a conservative collateral policy, unlike over-the-counter (OTC) markets where high leverage can lead to automatic liquidations. Syn added that the primary goal is now to build liquidity and trust, with plans to potentially add options or other altcoin futures in the future.