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

Odaily News Hong Kong Financial Services and the Treasury Bureau Director Paul Chan previously stated in response to a question from a member of the Legislative Council 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, judging from 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 international practice, many international institutions, including the Singapore Exchange (SGX), Coinbase, the U.S. Commodity Futures Trading Commission (CFTC), and the European MiFiDII regulatory framework, have prioritized perpetual contracts as an important direction for virtual asset derivatives. (China Times)