#加密货币交易平台发展 Singapore Exchange launches Bitcoin and Ethereum perpetual futures, with a notable performance on the first day. The trading volume was approximately $35 million, with an open interest of $1 million and participation from eight clearing members. This indicates a growing institutional demand for crypto derivatives, and a further deepening of the integration between traditional finance and crypto markets. Notably, the trading spreads were tight and the funding rates stable, which is favorable for attracting more participants. In the future, we may see more traditional exchanges following suit, intensifying competition in the crypto derivatives market. It will be important to continue monitoring the liquidity and trading volume of SGX futures to assess their impact on the spot market.