Trump’s Crypto Push Opens Perpetuals Race to Singapore Exchange

Bloomberg reports that President Donald Trump’s crypto push is helping open a race around perpetual futures that is reaching Singapore Exchange. The development puts a major exchange operator into focus as digital-asset markets seek broader participation from established financial institutions and professional trading firms.

Perpetual futures are derivatives contracts that do not have a fixed expiry date, unlike traditional futures. They are commonly used in crypto markets to take long or short positions on an asset’s price, and can give traders exposure without directly holding the underlying token. Their structure has made them a significant part of global crypto trading activity.

The report highlights how US political support for digital assets can have effects beyond American markets. Competition over crypto products is increasingly international, involving exchanges, trading venues and regulators across financial centers. For Singapore Exchange, the perpetuals race reflects the growing overlap between traditional market infrastructure and the crypto-derivatives business.