The launch includes explicit risk disclosures and regulatory considerations, noting that trading involves significant risk and potential losses beyond deposits.

Trading will occur on a near-continuous schedule under CFTC-regulated rules, with cash settlement and clearing, and potential cross-margining with existing CFE products.

Cboe is launching regulated, transparent perpetual-style crypto futures to provide institutional players with long-term exposure and a safer alternative to offshore contracts.

The new contracts target hedge funds, asset managers, and sophisticated traders seeking regulated, long-term crypto exposure while mitigating offshore counterparty risk and operational friction.

Pricing and reference are tied to the iEdge CoinDesk Crypto Indices, with daily reference rates published at 4 p.m. Singapore Time and real-time indices available 24/7.

Overall crypto derivatives volumes remain high relative to cash trading, underscoring the central role of derivatives in the market.

Singapore has legalized cryptocurrencies as digital tokens and securities/utilities depending on use, while not treating them as legal tender.

Open interest in Bitcoin futures remains substantial across major venues, highlighting active participation in leveraged crypto instruments.

The contracts' leverage could raise volatility but also offers hedging benefits for businesses relying on crypto for payroll and treasury management.

The move marks a milestone in integrating crypto derivatives with established market infrastructure and clearing standards.

There is potential cross-margining with other Cboe-cleared futures like FBT and FET, enhancing efficiency for participants.

Singapore’s SGX Derivatives is set to list Bitcoin and Ether perpetual futures tied to the iEdge CoinDesk indices, with trading beginning later this month and December launch on Cboe in the U.S. for continuous futures.