Jakarta, Pintu News – On Monday, the Singapore Stock Exchange (SGX) announced important plans to launch an unlimited Bitcoin futures contract.
The move attracted great attention amid global pro-crypto developments, including a push from former US President Donald Trump to keep a strategic reserve of Bitcoin (BTC).
Check out the full news below!
According to a Bloomberg report dated March 10, SGX plans to introduce unlimited Bitcoin (BTC) futures contracts in the second half of 2025. A company spokesperson conveyed this news via email.
This contract will be aimed exclusively at institutional clients and professional investors, while retail traders will be excluded from trading it. A leading exchange operator’s decision to list a Bitcoin (BTC) futures contract signals a paradigm shift in interest in cryptocurrencies.
Also read: To buy BTC again, MicroStrategy prepares a fantastic fund worth $21 billion!
CoinGape recently reported that Japan plans to launch crypto-backed products (ETPs). The country’s ruling party has proposed new crypto regulations, including listing crypto ETFs.
This move shows Japan does not want to be left behind in the global crypto adoption race. However, it should be noted that SGX still needs approval from the Monetary Authority of Singapore (MAS) before it can proceed with the plan.
Despite significant pro-crypto advancements, such as the White House crypto summit and the announcement of US BTC reserves, the market has yet to show improvement. On Monday, the price of Bitcoin (BTC) dropped to as low as $80,000, while other major cryptocurrencies also saw declines.
This drop comes amid the liquidation of over $680 million in the crypto market, and macro concerns continue due to new US tariffs.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
SGX Officially Presents Bitcoin Futures, New Era of Crypto in Singapore? – Pintu
