Singapore Exchange (SGX) currently has no plans to allow cryptocurrency listings, according to CEO Loh Boon Chye. Speaking at the Reuters NEXT conference, Loh stated that conditions are not yet suitable for such listings, emphasizing the need for a sustainable ecosystem, which includes demand, governance, and structure.
While U.S. and Hong Kong markets have introduced spot bitcoin ETFs and other cryptocurrency products, Loh believes the ecosystem in Singapore isn’t ready. However, he remains open to future possibilities, noting SGX’s reputation for innovation.
Despite pressure to attract high-growth company listings, SGX has struggled with low liquidity and valuations, focusing instead on building its Asian derivatives business and maintaining a strong position in real estate investment trusts. Loh mentioned a “healthy pipeline” for IPOs and secondary listings, aiming to enhance market activity.