Hong Kong SFC to Allow Crypto Perpetual Futures Contracts, Boosting Market Access

The Securities and Futures Commission (SFC) of Hong Kong is actively developing a regulatory framework to authorize licensed platforms to offer cryptocurrency perpetual futures contracts to retail investors. Julia Leung, the CEO of the SFC, announced this significant step, highlighting the city's commitment to becoming a regulated virtual asset hub. This move aims to provide investors with more sophisticated trading tools while ensuring robust investor protection measures are in place. The initiative follows Hong Kong's progressive stance on crypto, including the recent approval of spot Bitcoin and Ethereum ETFs. Regulated perpetual contracts could attract greater institutional participation and enhance liquidity in the region's digital asset markets.