Bitcoin Perpetual Futures on SGX Hit $250M in Two Weeks, Attracting New Liquidity and Institutional Arbitrage

BTC

BTC/USDT

$71,336.87

-6.79%

$71,336.87

-6.79%

(24s)

24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short

77.9%

Long: 77.9%Short: 22.1%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$70,942.95

▼ -3.04%

Volume (24h): -

Resistance Levels

Resistance 3$76,971.52

Resistance 2$74,594.61

Resistance 1$71,474.71

Price$70,942.95

Support 1$70,140.00

Support 2$66,407.06

Support 3$58,306.99

Pivot (PP):$71,474.71

Trend:Downtrend

RSI (14):20.9

COINOTAG News, citing CoinDesk, reports that SGX’s Bitcoin perpetual futures and Ethereum perpetual futures have logged about $250 million in combined turnover since their rollout roughly two weeks earlier.

SGX President Michael Syn noted that the offerings have attracted new liquidity rather than siphoning funds from rival venues, underscoring the appeal of these regulated contracts to institutional participants.

Early usage indicates institutional investors are deploying these products primarily for spot-futures arbitrage rather than mere longing, suggesting improved price discovery and hedging efficiency across crypto derivatives.

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