Marex Group , a diversified global financial services platform, is proud to announce that the firm will serve as a clearer for SGX Derivative’s SGX Crypto Perpetual Futures product.

Perpetual futures are futures contracts with no expiration date, commonly used by institutional and professional traders for hedging or as a tool in arbitrage trading. With over $187 billion in global daily volumes, they are the most actively traded crypto derivative product, although much of this trading currently takes place on offshore exchanges. From today, SGX Crypto Perpetual Futures contracts will offer traders continuous exposure to bitcoin or ethereum, with the same transparency, operational standards, and risk management frameworks as traditional listed derivatives.

As a clearer for SGX Crypto Perpetual Futures, Marex is facilitating access to this innovative product under a regulated, exchange-cleared framework. This institution-grade model minimises counterparty risk through central clearing and provides greater operational transparency. To ensure transparency and tight pricing, SGX’s perpetual futures contracts will utilise a funding rate mechanism tied to the iEdge CoinDesk Crypto Indices, aligning with trusted institutional standards for price benchmarks for more efficient trading.

Demand for regulated crypto derivatives has increased dramatically following the launch of crypto ETFs, which provided a regulated means for institutions to gain exposure to this new asset class. The average 30-day volume for IBIT futures/options alone now exceeds 880,000 contracts, but pricing on derivatives tied to ETFs can lag behind real-time market movements and spot pricing.

Thomas Texier, Head of Clearing at Marex, commented on the announcement, “As a day-one clearer for this product, Marex is proud to provide clients with first access to this innovative financial instrument, under the same standards applied to traditional derivatives products. Clearing and margining these contracts through this model will provide institutional traders with greater transparency, improved risk management, and enhanced capital efficiency. It affirms Marex’s position as a global leader in institutional digital assets and our commitment to driving market innovation with a prudent, risk-first approach.”

Michael Syn, President of SGX Group commented, “Building a regulated and institutional-grade market for crypto derivatives requires strong clearing participation. We welcome Marex as a pioneer clearer, adding depth and trusted risk management to this new market structure. Marex’s involvement supports our aim to provide global investors with transparent, robust access to crypto derivatives in Asia.”

In addition to providing clearing services for SGX’s crypto derivative products, Marex is a major clearer of crypto derivatives on CME, Cboe, Coinbase Derivatives Exchange, and Bitnomial. Marex Group plans to launch a new service offering cash lending collateralised by stablecoins and select crypto assets through Marex Financial, an FCA regulated entity.

Source: Marex