Crypto derivatives a missing piece in Hong Kong’s virtual-asset push, Deribit says
Deribit, the world's largest cryptocurrency derivatives exchange, is planning to expand its operations in Hong Kong. This move signals confidence in Hong Kong's ambition to become a virtual asset hub, especially as regulators consider introducing virtual asset derivative products for professional investors.
Deribit's decision is driven by Hong Kong's status as a major international financial center with a growing interest in cryptocurrencies among family offices and asset managers. The company views the potential introduction of crypto derivatives trading as a crucial step, as these instruments can be used for both speculation and essential risk management. The Securities and Futures Commission (SFC) recently unveiled a road map of initiatives for the virtual-asset ecosystem, including studying the introduction of virtual asset derivative products for professional investors.
via SCMP Full Text Feed
Deribit, the world's largest cryptocurrency derivatives exchange, is planning to expand its operations in Hong Kong. This move signals confidence in Hong Kong's ambition to become a virtual asset hub, especially as regulators consider introducing virtual asset derivative products for professional investors.
Deribit's decision is driven by Hong Kong's status as a major international financial center with a growing interest in cryptocurrencies among family offices and asset managers. The company views the potential introduction of crypto derivatives trading as a crucial step, as these instruments can be used for both speculation and essential risk management. The Securities and Futures Commission (SFC) recently unveiled a road map of initiatives for the virtual-asset ecosystem, including studying the introduction of virtual asset derivative products for professional investors.
via SCMP Full Text Feed
