The Commission of Securities and Future, the Hong Kong Stock Regulator, plans to allow professional investor investors, marking a significant expansion of the offers of the Virtual Assets market of the territory, according to a report by China Daily.
Cryptographic derivatives are a considerably larger market than spot trade. Tokeninsight data show that the cryptographic derivative market exceeded $ 21 billion in volume during the first quarter of the year, compared to $ 4.6 billion in spot volume.
Interested parties in the industry have long asked Hong Kong to license the trade of cryptographic derivatives.
In statements to the South China Morning Post earlier this year, Jean-David Péquignot, commercial director of Dribit, one of the greatest exchanges of derivatives, said that the rules of cryptographic derivatives were missing legislation for Hong Kong.
The Hong Kong Legislative Council, its parliamentary agency, recently approved a bill that would allow Stablecoins license in the city.
