Hong Kong will launch virtual asset derivatives trading services

ChainCatcher news, according to CoinDesk, the Hong Kong Securities and Futures Commission plans to allow professional investors to trade crypto derivatives, expanding the local virtual asset market.

Data indicates that the trading volume of the derivatives market will reach $21 trillion in the first quarter of 2025, far exceeding the spot market's $4.6 trillion. Previously, the Hong Kong Legislative Council had passed a stablecoin licensing bill to promote the construction of a virtual asset regulatory framework. The industry believes that the derivatives rules are a key piece of the compliance puzzle in Hong Kong.