So, Singapore is at it again! This time, the exchange conglomerate is planning to launch open-ended Bitcoin future contracts in the second half of 2025. Because, you know, who doesn’t want to gamble on digital coins that could either make you a millionaire or leave you crying into your avocado toast? 🥑
Our beloved Singapore Exchange, the region’s primary asset exchange, is all set to roll out Bitcoin (BTC) perpetual futures contracts. And guess what? They’re doing this while traditional exchanges are trying to keep up with the cool kids in the crypto derivatives market. Talk about a mid-life crisis! 😅
In a delightful commentary for Bloomberg on March 10, an SGX spokesperson casually mentioned that they’ll be focusing on institutional clients and professional investors. Retail customers? Sorry, you’re not on the guest list! 🙅♀️ But don’t worry, they promise this will “significantly expand institutional market access” to the cryptocurrency. Because who needs the little guys, right?
Now, before you get too excited, these products still need a thumbs up from the Monetary Authority of Singapore. Perpetual futures, which are like that friend who never leaves the party, have no expiry date. They let traders bet on price changes without actually owning the underlying asset. It’s like playing Monopoly but with real money and way more stress! 🎲
And speaking of stress, in mid-February, crypto.news reported that Robinhood Crypto is planning to roll out its services to Singaporean users by late 2025. They’re doing this through their new best friend, Bitstamp, which they acquired in June 2024 for a cool $200 million. Because why not? 💰
As Johann Kerbrat, the vice president and general manager of Robinhood Crypto, explained, they chose to acquire Bitstamp because of its shiny Singaporean license. Bitstamp had already received an in-principle approval from the Monetary Authority of Singapore in 2024. So, it looks like Robinhood is ready to crash the Singaporean market party, with local regulators holding the door open for them. 🎉
Read More
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2025-03-10 15:10