The Singapore Exchange has announced the launch of Bitcoin and Ether perpetual futures aimed at institutional investors, highlighting growing institutional interest in cryptocurrency. Polygon’s MATIC token is currently trading at $0.38. This comes amid a period of broader consolidation in the cryptocurrency market. The introduction of Bitcoin futures by the Singapore Exchange is seen as a significant move, signaling a shift toward more structured investment products for institutions. As MATIC tests its key support level, market participants are observing the potential implications of this exchange announcement on trading dynamics.
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