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Hong Kong is about to allow derivatives trading of digital assets.
The Hong Kong Securities and Futures Commission (SFC) is planning to allow trading of virtual asset derivation products for professional investors. This is part of the strategy to expand the financial product portfolio and enhance Hong Kong's competitiveness in the global digital asset market.
Finance Minister Hứa Chí Vũ stated that new products will help effectively transfer risk, increase liquidity for the spot market, and support investors in hedging strategies and leverage use. He also confirmed that virtual assets will be recognized as valid transactions to enjoy tax incentives to attract international fintech companies.
Previously, the SFC has licensed two virtual asset exchanges to provide staking services and allowed two spot ETFs to participate in staking activities. According to the SFC, the global virtual asset market currently records a trading volume of over 70 trillion USD annually.