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

ChainCatcher news, according to the Huaxia Times, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated in response to a legislator's question 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.

The Huaxia Times quoted analysts pointing out that, based on international experience, it is expected that the Hong Kong derivatives market will initially pilot perpetual contracts for mainstream virtual assets such as Bitcoin and Ethereum. From international practices, several 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.