Contents
Where each exchange stands, as of 25 October 2026What the MAS rule actually saysMoney in and out, and an account you already holdWhat to do next if you live in SingaporeWhere each exchange stands, as of 25 October 2026
Bybit is the clear one. Singapore is named on Bybit's service-restricted list, last updated 16 October 2026, so Bybit does not serve residents here. That is the exchange's own decision, written in its own help pages, and it covers the whole account, not just futures.
OKX depends on which OKX you end up on. The Singapore company offers no crypto derivatives at all. The perpetual contracts you see on the global OKX site come from a separate company in the group, OKX Financial, which itself says it is not licensed by Singapore's regulator. Whether it will take you as a customer is something only the sign-up process will show.
Binance is the one people argue about. Singapore is not on Binance's List of Prohibited Countries as of 25 October 2026, which tells you the country is not banned outright — it is not a promise that your sign-up, or futures inside it, will go through. On 26 October 2021 Binance stopped fiat deposits, spot trading and card purchases for Singapore users; nothing newer has been published, so check in the app what still works for your account. Whether futures are open to residents, Binance does not say anywhere we could check.
Hyperliquid and the Aster contracts behind the Binance Wallet Perpetuals tab never mention Singapore in their terms. Not being named is not the same as being let in — a venue can add a country whenever it wants, and you usually find out when the app stops working for you.
The table below pulls the same paperwork together, line by line. Read "restricted in part" as "some services are closed and the rest is simply unstated", and "not confirmed" as "the documents never name the country at all". Neither label is permission.
| Venue | Status | What it means |
|---|---|---|
| Binance | Restricted | Binance stopped fiat deposits, spot trading and card purchases for Singapore users in 2021; whether futures are open is not stated. |
| Bybit | Not available | Singapore is on Bybit’s restricted list. |
| OKX | Restricted | OKX Singapore offers no crypto derivatives; perps are offered by an affiliate, OKX Financial, which says it is not licensed by MAS. |
| Hyperliquid | Not on its banned list | Not named in Hyperliquid’s Terms (they block the US, Ontario and sanctioned territories). |
| Binance Wallet (Aster) | Not confirmed | Singapore is not on Aster’s list; Binance’s own status for Singapore is not clear. |
Status for residents, from the exchange’s own documents and the local regulator’s actions. “Not on its banned list” does not mean trading is legal where you live: check the local law above, and the app gives the final answer after KYC.
statuses checked 25 Oct 2026 in the exchanges’ own documents, Binance, Bybit, OKX, Hyperliquid, Binance Wallet (Aster), MAS Guidelines PS-G03.
Only the lines where a company names Singapore itself are real answers. Everything else resolves at the moment an app asks for your identity document — either a futures section appears in your account or it does not. Treat the unnamed lines as open questions, decide in advance how much you would be willing to leave sitting on such a venue, and keep that amount small.
What the MAS rule actually says
The rule that matters for futures sits in the MAS Guidelines on Consumer Protection Measures by Digital Payment Token Service Providers, known as PS-G03, with the relevant chapter in force from 19 June 2025. In plain words: a crypto provider holding a Singapore licence must not offer leveraged crypto trading or crypto derivatives to retail customers.
The rule is written for the companies, not for you personally. It means a Singapore-licensed app simply will not show you a futures section, however long you look for it. It says nothing about what happens if you open an account with a company based abroad — that is between you and that company's terms, and anything about tax or your personal situation belongs with a qualified local professional. To read the rule yourself, search the MAS website for Guidelines PS-G03 and check the date on the page, because these documents get updated.
Hiding where you live turns a closed door into a frozen balance. Binance's Terms tell users not to get around restrictions, including by using a virtual private network, and every venue on this page carries a similar clause. Signing up with a foreign address puts you in breach from day one: an identity check, a bank transfer or a withdrawal review can surface it months later, and the usual result is a locked account with your money inside. No trade is worth that.
Money in and out, and an account you already hold
Since that 2021 change at Binance, getting money in and out is the harder part for Singapore users — the one-tap card top-up is not the route any more, and every extra hop you add is one more place where a check can stop you. Before you plan any trade, plan the way back: how the money arrives and how it leaves.
If you already hold an account somewhere and the exchange later restricts your country, these changes normally arrive as a written notice with dates rather than an overnight freeze. When Bybit closed the UK, it published the notice in September 2026 and gave dates — access restricted from 21 October, the UK site closing on 19 November. Read the dates in any notice you receive, and do not leave a balance sitting on an exchange that has started restricting your market. Keep your own copies of deposits, trades and withdrawals; if you ever need to explain where money came from, the records you keep now are what save you.
On identity checks, Singapore works like anywhere else — a document, a selfie, and your country of residence feeding into the decision. We cover that in what KYC asks for, and the wider picture of who serves whom in which exchanges are available in which country.
What to do next if you live in Singapore
A sensible order: understand the mechanics first, confirm access second, risk money third. Nobody loses anything by learning what leverage, margin and liquidation really do while the access question is still open, and that understanding carries over to any exchange, any country and any year.
Check the two documents yourself
Search the MAS site for Guidelines PS-G03 and note the date on the page, then open the restricted-country page of whichever exchange you are considering. If either is newer than 25 October 2026, trust the document over this page.
Let the app answer the access question
Where an exchange does not name Singapore, the honest answer appears after identity verification: the futures section either opens or it does not. Do not force it with a foreign address.
Learn the mechanics with nothing at stake
Position size, stop-loss, funding, what a liquidation actually costs — all of it can be practised on paper or in a demo account. Start with learning futures without real money.
Ask a local professional before real money moves
How leveraged products and any gains are treated is a local question. One short conversation with someone qualified in Singapore beats ten confident strangers in a chat group.
If you are reading this for a friend or ahead of a move, no single answer travels across borders: our country hub is the place to start, and nearby markets such as Malaysia and Hong Kong each have their own rules.
Is Binance legal in Singapore?
Singapore is not on Binance's List of Prohibited Countries as of 25 October 2026, which tells you the country is not banned outright — it is not a promise that your account or its futures section will open. Binance does not state publicly whether futures are available to residents here, so the app is the only place that answers it. The local rule is a separate matter and applies to companies holding a Singapore licence, not to you personally.
Is Bybit banned in Singapore?
Bybit's own service-restricted page, updated 16 October 2026, names Singapore, so residents are not served. That is Bybit's decision in its own terms rather than a court ruling. Working around it with a foreign address breaches those terms and puts your balance at risk.
Hyperliquid does not mention Singapore — can I trade there?
Its terms name the United States, Ontario and sanctioned territories, and not Singapore. "Not named" is not confirmation that trading is open or allowed where you live, and the list can be extended whenever the team decides. Read the terms yourself before moving any money.
Will my account be frozen if an exchange restricts Singapore later?
Restrictions usually arrive as a notice published in advance with dates attached. When Bybit closed the UK, the notice came in September 2026, access was restricted from 21 October and the UK site closes on 19 November. Sudden freezes are what tends to hit accounts that broke the terms, usually by hiding a location. If a notice arrives, read the dates and move your funds out inside the window.
Can I hide my location to open a futures account from Singapore?
No, and it is not a grey area. Binance's Terms say users must not circumvent restrictions, including by using a virtual private network, and other venues say the same. Even if it works on day one, an identity check or a withdrawal review can expose it later, and your money is then stuck behind a closed account.
Is there anything useful I can do while access is unclear?
Yes — everything except putting money at risk. Practise position sizing, stop-loss placement and reading a liquidation price in a demo account or on paper, and keep a simple journal of the trades you would have taken. When the access question resolves, you will not be learning the basics with real money.
