The Singapore Exchange received CFTC authorization under Regulation 48.10 to let U.S. institutional investors trade its Bitcoin and Ethereum perpetual futures. SGX's crypto perpetuals have processed $5.8B in cumulative volume since a November 2025 launch, with onboarding for U.S. clients expected within 1-2 months.
Matters because: This may deepen regulated institutional access to BTC/ETH derivatives and improve liquidity and price discovery over time.