Future Prospects of Crypto Listings Explored by Singapore Exchange CEO
SGX CEO Loh Boon Chye has provided insights into the potential for cryptocurrency listings on Singapore Exchange (SGX), highlighting current ecosystem challenges.
Speaking at the Reuters NEXT conference, Loh indicated that while SGX is not currently prepared for crypto products due to issues like demand, governance, and structure. He emphasized the exchange’s openness to future developments. Recent global milestones. Such as the SEC’s approval of U.S.-listed bitcoin ETFs and Asia’s introduction of cryptocurrency ETFs, underscore the evolving regulatory landscape.
Despite facing pressures to diversify its listings, SGX remains focused on its derivatives and real estate investment trust markets. Loh concluded optimistically, suggesting that as the ecosystem evolves, SGX could consider crypto listings in the future. Maintaining its reputation for innovation.
Clever Robot News Desk 11st July 2024
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