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BTC $67,820.71 +1.98%
ETH $1,992.73 +3.01%
BNB $616.84 +4.66%
XRP $1.40 +2.83%
SOL $81.77 +1.40%
TRX $0.2781 +1.50%
DOGE $0.0936 +4.60%
ADA $0.2670 +5.73%
BCH $512.47 +0.64%
LINK $8.52 +3.88%
HYPE $30.71 +7.77%
AAVE $109.69 +4.64%
SUI $0.9477 +7.09%
XLM $0.1602 +4.95%
ZEC $238.35 +6.16%

contracts

Non-farm data triggers fluctuations in global stock indices, with Gate index contracts holding the top four positions in terms of open interest growth

With the U.S. non-farm payrolls for January exceeding expectations by an increase of 130,000 last night, the significant rise of 130,000 has led to a revision in market expectations regarding the pace of interest rate cuts by the Federal Reserve. Driven by this macroeconomic variable, global core stock indices have entered a volatile range, attracting a large amount of capital for hedging and position adjustments.Against this backdrop, the open interest in Gate index contracts has seen explosive growth. According to CoinGlass data, in the past 4 hours, the top four positions in open interest growth were all held by this platform: HK50 (Hang Seng Index) increased by 1841.43%, US30 (Dow Jones Industrial Average) increased by 1126.15%, NAS100 (Nasdaq 100 Index) grew by 392.29%, and SPX500 (S&P 500 Index) grew by 237.01%.Currently, Gate contracts comprehensively cover traditional financial assets including stocks (48 types), metals (11 types), foreign exchange (3 types), commodities (2 types), and indices (13 types), supporting continuous trading 24/7, with a maximum leverage of 100 times. Gate is continuously building a multi-asset contract system that covers mainstream TradFi assets, creating the industry's most comprehensive trading area for index and traditional financial asset contracts.

The Hong Kong Securities and Futures Commission plans to introduce a regulatory framework for perpetual contracts, limited to institutional investors

The Chief Executive Officer of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, stated at the Consensus Hong Kong conference that the regulatory body will release a "high-level framework" allowing licensed trading platforms to offer perpetual contract products. Alder pointed out that these products will initially be open only to institutional investors and not to retail customers.The relevant framework will focus on risk management, requiring platforms to have robust risk control capabilities and ensuring that trading mechanisms are fair to clients. In addition, the Hong Kong SFC will also allow brokers to provide financing services to clients with good credit standing, with collateral including securities and virtual assets. Given the high volatility of virtual assets, initially only Bitcoin (BTC) and Ethereum (ETH) will be eligible as collateral.In terms of market-making activities, if platforms engage in related services, they must establish independent market-making departments and implement strict conflict of interest management mechanisms. Alder stated that these measures continue the SFC's roadmap to promote the development of the local crypto market by 2025, aiming to allow compliant institutions to offer a wider range of products and services.
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