According to reports, Singapore Exchange Ltd. will launch Bitcoin (BTC) perpetual futures later this year. The platform will reportedly list the product in the second half of this year. The move will mark a substantial milestone for the exchange in its foray into the crypto landscape. According to a spokesperson from the firm, the move will “significantly expand institutional market access.“

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Will The Market Respond Positively To Bitcoin Perpetual Futures?

Bitcoin globe
Source: Watcher Guru

Perpetual futures investment vehicles are designed for institutional clients and professional traders. Retail investors will not have access to such products. Singapore Exchange Ltd.’s move is not a surprise considering the spike in interest in Bitcoin-related products among financial institutions. Osaka Dojima Exchange Inc. is also seeking approval to list Bitcoin futures.

BlackRock, the largest asset manager in the world, launched a spot BTC ETF last year. Several other big players have opened their doors to crypto-related financial products.

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Singapore Exchange Ltd.’s move could lead to a substantial spike in investor sentiment for Bitcoin (BTC).

Will The Original Cryptocurrency Hit A New All-Time High?

Bitcoin (BTC) is currently down by 24.2% from its all-time high of $108,786. BTC peaked on Jan. 20, 2025. Since its January highs, BTC has struggled to regain momentum.

According to CoinCodex, BTC could break out over the coming months. The platform anticipates the asset to hit a new all-time high of $157,131 on June 7. BTC’s price will rally by 90.17% if it hits the $157,131 target.

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Bitcoin price prediction
Source: CoinCodex

There is also a possibility that BTC will not rally as predicted. Macroeconomic conditions may create obstacles for the crypto industry. Trade wars between the US and other countries have also led to a substantial dip in investor sentiment.

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