have quietly become one of the most interesting developments in regulated crypto markets.
Michael Syn says the early liquidity isn’t recycled volume — it’s new money coming in. Institutions are showing up, but not for directional bets. They’re here for cash-and-carry arbitrage, finally getting a regulated venue in the Asian time zone to run basis trades without offshore risk.
That's exactly what the market has been lacking:
✔️ Compliant "mother contract" for Asia hours
✔️ Stability without high-leverage auto-liquidations
Conservative margining and adequate clearing
✔️ A safe place for hedge funds and crypto-native desks to run long-spot/short-perp strategies
Almost US$250M in cumulative volume in just two weeks — and SGX is doing this while building new liquidity rather than draining OTC or offshore perps.
Options and altcoin perps could come later, but one thing is clear for now: build deep, trusted BTC and ETH benchmarks for institutional basis traders.
Regulated perps are finally here in Asia - and institutions are taking notice. CryptoTrading #SGX #ETH #PerpetualFutures #BasisTrade #InstitutionalCrypto $ETH
