Original sourceCrypto TimesAdditional: Spheric News
Summary
Singapore Exchange SGX obtained CFTC authorization to offer Bitcoin and Ethereum perpetual futures to US institutional investors under Regulation 48.10 as a non-registered US exchange, accessible through SGX clearing members. US institutional client onboarding is expected to take one to two months,…
Key points
- Institutions and compliance teams can understand a new path to cross-border crypto derivatives access and its potential impact on US market structure.
- Overseas exchanges winning CFTC approval to reach US institutions directly will change liquidity and competition in US crypto derivatives.
- US institutions gain an offshore compliant perpetuals channel, which may prompt other exchanges to follow and affect domestic venue market share and risk design.
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