The US Commodity Futures Trading Commission (CFTC) has granted official authorization under Regulation 48.10, allowing US institutional investors to access Bitcoin (BTP) and Ether (ETP) perpetual futures contracts on the Singapore Exchange (SGX Group). This approval enables US investors to execute orders directly on the Singapore exchange’s order book without waiting for new domestic derivatives exchanges to be established. Regulation 48.10 acts as a Foreign Board of Trade pathway - a legal framework linking Asian crypto derivatives liquidity directly to traditional financial market participants in the United States.
$5.8 Billion Liquidity Footprint and Record Transactions
Since their initial market launch in late November 2025, SGX’s BTP and ETP perpetual contract instruments have recorded a cumulative trading volume reaching $5.8 billion. This total turnover is equivalent to the settlement of 400,000 contract lots. Throughout August, exchange reports recorded average daily transactions of 1,300 lots, representing a daily notional value of $19 million. SGX’s record peak occurred during its busiest trading session, which settled 11,500 perpetual contract lots worth a notional value of $145 million in a single day.
Bitcoin futures transactions dominated order flow, contributing 83% of SGX’s overall daily volume. Institutional exposure to this flagship asset also dominated open interest, with Bitcoin contract positions accounting for 66% of the total, leaving a minority share for Ether trading on the Singapore platform.
A Four-Week Transition Window
Capital inflows from US institutions remain pending completion of legal and compliance requirements. The onboarding process for prospective investors through SGX clearing member services requires a preparation period of two to four weeks. This adjustment period is mandatory for three key technical steps: completing entity-level Know Your Customer (KYC) verification, funding initial margin collateral accounts, and integrating APIs into US asset managers’ internal trade management systems.
The CFTC’s authorization decision highlights a clear trajectory for institutional adoption: when domestic derivatives offerings fail to keep pace with market demand, regulated capital will flow to established international venues. Once API integrations and fund deposits are completed next month, the tangible impact of Wall Street liquidity will be clearly reflected in Singapore’s order books.
Reported by crypto.news.
Also read: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
