BTC and ETH perpetual contracts may become the first pilot projects for virtual asset derivatives trading in Hong Kong

Odaily Planet Daily News: Hong Kong Financial Services and Treasury Secretary Paul Hui previously said in response to a question from a member of parliament that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures. China Times quoted analysts as saying that based on international experience, in the early stages of the policy, the Hong Kong derivatives market is expected to pilot perpetual contracts for mainstream virtual assets such as Bitcoin and Ethereum. From an international practice, many international institutions, including the Singapore Exchange (SGX), Coinbase and the U.S. Commodity Futures Trading Commission (CFTC), as well as the European MiFiDII regulatory framework, have prioritized perpetual contracts as an important direction for virtual asset derivatives. (China Times)