[The Derivatives Division of Singapore Exchange to Launch Cryptocurrency Perpetual Futures Contracts This Month] According to CoinDesk, the Derivatives Division of Singapore Exchange (SGX) is set to allow institutional trading of cryptocurrency perpetual futures contracts. SGX's Derivatives Division announced on Monday that it will launch Bitcoin and Ethereum perpetual contracts on November 24, promising to combine the structural integrity and credibility of the global derivatives market with the flexibility of popular cryptocurrency trading tools. SGX's perpetual futures are benchmarked against the iEdge CoinDesk Cryptocurrency Index, ensuring alignment with benchmarks widely used for institutional price discovery. In earlier news from August, the president of Singapore Exchange revealed that SGX might list cryptocurrency perpetual futures contracts by the end of the year.