Hong Kong Moves to Allow Crypto Perpetual Futures… “Framework to Be Announced Soon”
Summary
- Hong Kong said it is pushing a plan to allow crypto perpetual futures trading.
- Julia Leung, head of the SFC, said a regulatory framework to enable the offering of perpetual futures contracts will be unveiled soon.
- At the outset, perpetual futures contracts will be offered only to institutional investors, with an emphasis on risk management.
Forecast Trend Report by Period
Hong Kong is moving to allow trading in cryptocurrency perpetual futures.
According to CoinDesk on the 11th (local time), Julia Leung, chief executive officer of Hong Kong’s Securities and Futures Commission (SFC), said so while attending the “Consensus Hong Kong” conference held in the city that day. Leung said, “We plan to unveil a framework that will enable (crypto) platforms to offer perpetual futures contracts,” adding that it is “part of efforts to allow regulated firms to provide a wider range of products and services.”
Initially, however, futures contracts are expected to be permitted only for institutional investors. Leung said, “(Perpetual contracts) will be offered only to institutional investors, not retail investors,” adding that “the framework will focus on risk management.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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