American-funded institutions entering and exiting perpetual contracts now have yet another “official” channel.
With the CFTC authorization granted, US hedge funds, asset managers, and others can trade BTC/ETH perps through existing clearing members (total cumulative trading volume is already about $5.8 billion). They do not accept stablecoins as margin; instead, they use the traditional model of margin plus central clearing.
CME has long been the main force in the US regulatory circle, but it does not offer perps. Offshore platforms have large volumes but are hard to comply with. SGX sits in the middle on this route, and it’s quite practical for institutions—going live likely still takes about one to two months of integration.
$BTC $ETH #SGX #永续合约 #CFTC
With the CFTC authorization granted, US hedge funds, asset managers, and others can trade BTC/ETH perps through existing clearing members (total cumulative trading volume is already about $5.8 billion). They do not accept stablecoins as margin; instead, they use the traditional model of margin plus central clearing.
CME has long been the main force in the US regulatory circle, but it does not offer perps. Offshore platforms have large volumes but are hard to comply with. SGX sits in the middle on this route, and it’s quite practical for institutions—going live likely still takes about one to two months of integration.
$BTC $ETH #SGX #永续合约 #CFTC