Hong Kong’s Securities and Futures Commission (SFC) is preparing to introduce a framework allowing licensed platforms to offer perpetual crypto contracts. SFC CEO Julia Leung said the products will initially be available only to institutional investors, with strong risk management requirements.
The regulator also plans to let brokers provide financing backed by Bitcoin and Ether as collateral. Given crypto’s volatility, only these two assets will qualify at first. Platforms offering market-making services must maintain strict conflict-of-interest controls and independent units.
The move is in line with Hong Kong’s larger vision for its digital asset industry. The SFC hopes to enhance the city’s footing as a major cryptocurrency hub while preserving investor safety and financial stability by increasing the range of regulated products it offers.
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