Hong Kong plans to open up cryptocurrency derivatives trading for professional investors and promote the expansion of the virtual asset market

According to CoinDesk, the Hong Kong Securities and Futures Commission plans to allow professional investors to trade cryptocurrency derivatives, expanding the local virtual asset market. The data indicates that the trading volume of the derivatives market reached $21 trillion in the first quarter of 2025, far higher than the $4.6 trillion in the spot market. Previously, the Hong Kong Legislative Council had passed a stablecoin licensing bill to promote the construction of a virtual asset regulatory system. The industry believes that derivative rules are a crucial part of Hong Kong's compliance puzzle.