Marex to act as clearing firm for SGX crypto perpetual futures
<p><span class="TextRun SCXW107864022 BCX0" lang="EN-GB" xml:lang="EN-GB"><span class="NormalTextRun SCXW107864022 BCX0">The news aligns with increasing demand for regulated crypto derivatives product...
Marex is set to serve as a clearing firm for SGX’s bitcoin and ethereum perpetual futures products, launching on 24 November 2025.
Thomas Texier
Through providing clearing services for the products, Marex will support SGX in facilitating institutional traders’ access to continuous bitcoin or Ethereum exposure providing central clearing to minimise counterparty risk, and offer greater operational transparency.
Specifically, the launch of SGX crypto perpetual futures makes use of a funding rate mechanism associated with the iEdge CoinDesk crypto indices, to align with institutional standards for price benchmarks, and offer clients the same transparency, and operational and risk management frameworks as traditional listed derivatives.
Thomas Texier, head of clearing at Marex, said: “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.”
The clearing partnership and product launch follows increasing demand for regulated crypto derivatives across the industry, with firms such as EDXM International and Sage Capital Management partnering to enhance institutional access to differentiated perpetual futures liquidity.
Read more – Marex to acquire market maker Valcourt to bolster fixed income offering
Speaking on the launch, Michael Syn, president of SGX Group, said: “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.”
The news follows further clearing-related developments for Marex in recent months. In September, the firm announced that it had cleared the first ever US Treasury (UST) delivery on FMX Futures Exchange.
The offering is expected to provide Marex’s clients with opportunities to save capital, made possible through the firm’s clearing partnership for interest rate swaps with LCH, as well as offer access to competitive offsetting between UST futures positions on FMX and LCH IRS portfolios.
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