Hong Kong Opens Doors to Professional Crypto Derivatives Trading

Hong Kong has taken a significant step towards bolstering the crypto industry by granting regulatory approval for professional investors to trade crypto derivatives. This move is expected to enhance market liquidity and attract institutional involvement, notably impacting Bitcoin and Ethereum. By opening up the trading of these derivative contracts, Hong Kong aims to deepen participation in the market while aligning with previous efforts to regulate stablecoins and crypto staking, strengthening its position as a hub for digital asset activity.