CFTC clears Singapore Exchange crypto perpetual futures for US institutional access

Singapore Exchange has secured CFTC authorization to give U.S. institutional investors direct access to its Bitcoin and Ether perpetual futures, opening its existing crypto derivatives order books to American trading firms. Summary SGX has received CFTC authorization to open its Bitcoin and Ether perpetual futures to eligible US institutions. The contracts have recorded $5.8 billion in cumulative volume since launching in November 2025. US clients will access the contracts through clearing members, with onboarding typically taking two to four weeks. SGX plans to launch dated Bitcoin and Ether futures and options next. SGX Group head of crypto derivatives KC Lam told CoinDesk that the Commodity Futures Trading Commission authorization was granted under Regulation 48.10, allowing U.S. institutions to trade products that had previously been unavailable to them. “Under the Regulation 48.10 ruling, we have obtained CFTC authorization to open our crypto products to U.S. institutional access. Previously, U.S. participants couldn’t trade these contracts but now they can,” Lam said. The approval applies to SGX’s Bitcoin perpetual futures, or BTP, and Ether perpetual futures, known as ETP. B...