According to ChainCatcher, according to Bitcoin News, Loh Boon Chye, CEO of the Singapore Exchange, said that the local ecosystem in Singapore is not yet ready for spot Bitcoin ETFs. As time goes by and the ecosystem improves, the Singapore Exchange will be considered the most innovative exchange or platform in the world.

The predecessor of the Singapore Exchange was the Singapore Stock Exchange, which was established on May 24, 1973. On December 1, 1999, the Singapore Stock Exchange (SES) merged with the Singapore International Financial Exchange (SIMEX) to form the Singapore Exchange.