Hong Kong to Allow Institutional Crypto Perpetual Futures Under New Rules

TheNewsCrypto2026-02-11 tarihinde yayınlandı2026-02-11 tarihinde güncellendi

Özet

Hong Kong's Securities and Futures Commission (SFC) is set to introduce a new regulatory framework allowing licensed trading platforms to offer cryptocurrency perpetual futures contracts. Initially limited to institutional investors, these contracts enable traders to speculate on crypto prices without an expiry date. Platforms must demonstrate robust risk management and disclosure practices. Brokers will be permitted to use Bitcoin and Ethereum as collateral for client financing, subject to strict credit standards. The SFC is also implementing measures to prevent conflicts of interest, requiring exchanges to separate market-making activities into independent units. This cautious, step-by-step approach aims to balance innovation with credibility, attract global institutions, and enhance liquidity while prioritizing transparency and risk management.

Hong Kong is planning to become a leading regulated hub for digital assets. Julia Leung, SFC Chief Executive, speaking at CoinDesk, says that the watchdog will soon publish a high-level regulatory framework that allows licensed trading platforms to offer perpetual futures contracts tied to cryptocurrencies.

Initially limited to institutional investors

Under the upcoming framework, perpetual futures allow traders to speculate on prices without an expiry date. Leung says that initially, it will be allowed only for institutional investors, and platforms must prove they can manage and disclose the risk properly. SFC will remain focused on the fair market rules for the customers.

On the other hand, regulators will allow brokers to finance the clients using selected digital assets as collateral. As the crypto markets have high volatility, the eligibility starts only with Bitcoin and Ethereum. Borrowers must meet strict credit standards. The regulators are moving cautiously with the most stable and established tokens.

SFC is also refining the exchanges that want to run market-making operations; they must separate those activities into independent units and maintain clear conflict of interest controls. This is aimed at preventing exchanges that might see the users’ trading activity and can use that information to make money.

Reason behind this move

The SFC is trying to balance innovation and credibility. The official wants more sophisticated products and greater participation from global institutions. Instead of approving everything at once, the regulators are widening the access step by step.

If this move has been implemented, then Hong Kong could attract hedge funds and trading firms that rely on perpetuals and will increase liquidity in local regulated venues. But the regulator’s goal is clear: that innovations will be welcomed within a framework that prioritizes transparency and risk management.

Highlighted Crypto News:

Ethereum Remains Under Pressure as Price Consolidates Near $2,000

İlgili Sorular

QWhat new type of cryptocurrency product will Hong Kong allow under its upcoming regulatory framework?

AHong Kong will allow licensed trading platforms to offer perpetual futures contracts tied to cryptocurrencies.

QWho will be permitted to trade these crypto perpetual futures initially?

AInitially, trading will be allowed only for institutional investors.

QWhich two cryptocurrencies are eligible to be used as collateral for client financing under the new rules?

ABitcoin and Ethereum are the eligible cryptocurrencies that can be used as collateral.

QWhat is one of the key requirements for exchanges that want to run market-making operations?

AThey must separate their market-making activities into independent units and maintain clear conflict of interest controls.

QWhat is the primary goal of the SFC in implementing these new regulations, according to the article?

AThe SFC is trying to balance innovation and credibility, welcoming innovations within a framework that prioritizes transparency and risk management.

İlgili Okumalar

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbit55 dk önce

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbit55 dk önce

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

South Korean stock market sees a dramatic shift in fund flows. On July 31, foreign investors made a record net purchase of approximately KRW 7.2 trillion in KOSPI stocks, marking a fundamental reversal from the persistent large-scale net outflows seen in previous months. This contributed to a significant narrowing of foreign net selling in July to KRW 9.8 trillion, down sharply from KRW 48.4 trillion in June and KRW 44.5 trillion in May. Simultaneously, domestic institutional pressure eased. South Korean pension funds and asset managers turned to a net buying position in July, purchasing KRW 1.0 trillion worth of KOSPI shares, contrasting with net sales in May and June. Market volatility is expected to be dampened by new financial regulations. Effective July 31, the Financial Services Commission tightened access for retail investors to single-stock leveraged ETFs by raising the minimum cash deposit requirement. Trading volumes for these products subsequently dropped to about 50% of their monthly average. Citigroup Research maintains its year-end KOSPI target of 10,000 points. The firm cites several supportive factors: the substantial easing of headwinds from capital outflows, a robust fundamental outlook for the semiconductor sector, historically low market valuations, strong economic fundamentals, and the potential for policy support from financial authorities if needed.

marsbit55 dk önce

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

marsbit55 dk önce

Breaking! OpenAI's Next-Gen AI Solves 10 Fields Medal-Level Problems

OpenAI's next-generation AI model Astra achieves breakthroughs in 10 long-standing mathematical conjectures. The results, including constructing the first known infinite, finitely presented non-sofic group—resolving a major question since 1999—and advancing the high-dimensional sphere packing problem beyond a 46-year-old barrier, are detailed in a 249-page paper. Key proofs have been formally verified using Lean 4. The AI also refuted a rigidity conjecture by Fields Medalist Alain Connes. According to OpenAI, generating these proofs cost under $2,000. Experts describe the findings as potentially Fields Medal-worthy and a landmark moment for both mathematics and AI, showcasing the model's ability to produce profound, human-like reasoning across diverse fields like group theory, geometry, and operator algebras.

marsbit2 saat önce

Breaking! OpenAI's Next-Gen AI Solves 10 Fields Medal-Level Problems

marsbit2 saat önce

How to Make Yourself Irreplaceable by AI Forever

This article argues that the primary threat from AI is not job replacement, but remaining trapped in "wage slavery"—financial dependence on employers. The path to becoming irreplaceable is not resisting AI, but becoming an "unemployable" individual who builds their own meaningful enterprise. The author identifies five key elements for this: Agency (acting without permission), Taste (judging what's worthwhile), Persuasion, Persistence, and Iteration. The solution is to stop being a "pawn" in someone else's game. To start, you must fundamentally change your identity and environment, then engage in rapid, real-world trial and error. While both coding and creating media (content) are powerful, content is more crucial. AI can generate assets, but true value lies in subjective, human-driven content that builds trust and narrative. The actionable advice is to carve out 15 minutes to answer foundational questions: 1) Uncover your "raw material"—what you know deeply or solve effortlessly. 2) Define your contrarian perspective—what common beliefs you think are wrong. The intersection of these answers is your direction. Finally, you must launch by publishing your first core idea immediately, using the feedback to iterate and develop the skills needed for a self-directed life and career.

marsbit3 saat önce

How to Make Yourself Irreplaceable by AI Forever

marsbit3 saat önce

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

The article discusses using dice rolls to generate secure Bitcoin wallet seeds, providing entropy independent of potentially flawed hardware random number generators. It explains that each fair dice roll offers about 2.585 bits of entropy, with around 50 rolls needed for a standard 12-word seed phrase and 99+ recommended for higher security. This method gained attention after a vulnerability was revealed in some Coldcard hardware wallets, where a faulty firmware RNG (dating back to 2021) compromised generated keys. The analysis notes that while a dice-generated main seed was safe from this specific flaw, other Coldcard functions (like creating paper wallets, backup keys, or passwords) could still be vulnerable if they used the defective RNG. The piece argues that while dice-based entropy is technically robust, the manual process is error-prone, tedious, and unrealistic for most new users, who might make mistakes in recording or inputting rolls. It concludes that while manual entropy generation should remain an option for advanced users, the long-term goal is to develop reliable, user-friendly hardware and software that securely generates randomness without requiring specialized knowledge. Coldcard users are advised to check their firmware version and replace any secondary secrets (like paper wallet keys) created with vulnerable devices, while also considering multi-signature setups with devices from different manufacturers for added security.

cryptonews.ru6 saat önce

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

cryptonews.ru6 saat önce

İşlemler

Spot