According to Jinse Finance, Michael Syn, President of Singapore Exchange Holdings, stated that cryptocurrency perpetual futures have become increasingly popular since their launch two weeks ago. This growth represents new liquidity rather than a shift of cash from elsewhere. “Just like the launch of rupee/offshore renminbi futures, it creates a new market without stifling over-the-counter trading.” He also added that early trading volume trends indicate strong interest from experienced institutional hedge funds, while native crypto participants are also actively involved.
Syn said, “Our goal is to establish a flagship contract for the Asian time zone.” In other words, the exchange aims to make its BTC/ETH contracts the benchmark contracts during Asian trading hours, becoming the preferred reference for pricing, settlement, and liquidity in the region.
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