SGX CEO Loh Boon Chye confirmed no immediate plans for cryptocurrency listings, including Bitcoin or crypto ETFs, at the Reuters NEXT conference.

Chye emphasized the need for a sustainable ecosystem to support such products.

He did not rule out the possibility of crypto listings in the future.

Despite SGX's stance, Singapore has approved spot Bitcoin ETFs, boosting cryptocurrency gains.

Singapore aims to become a global crypto hub with high adoption rates among investors.

The Monetary Authority of Singapore has granted regulatory approval for stablecoin issuer Paxos.

SGX reported a slight decrease in net profit for the first half of the 2024 financial year.

SGX is under pressure to attract listings of high-growth companies.

Investors can monitor developments through the Reuters NEXT news page.