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Hong Kong Set to Allow Crypto Derivatives Trading
Crypto derivatives are a much larger market than spot trading.
Jun 5, 2025, 5:20 a.m.
What to know:
- Hong Kong's securities regulator plans to allow professional investors to trade crypto derivatives, expanding the territory's virtual asset market.
- The crypto derivatives market is significantly larger than spot trading, with $21 trillion in volume in the first quarter compared to $4.6 trillion in spot volume.
- Hong Kong's legislative council recently passed a bill to license stablecoins, further advancing its virtual asset regulations.
The Securities and Futures Commission, Hong Kong’s securities regulator, is planning to allow professional investors to trade crypto derivatives, marking a significant expansion of the territory’s virtual asset market offerings, according to a report from China Daily.
Crypto derivatives are a considerably larger market than spot trading. Data from TokenInsight shows that the crypto derivatives market pushed through $21 trillion in volume for the first quarter of the year, compared to $4.6 trillion in spot volume.
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Stakeholders in the industry have long called for Hong Kong to license crypto derivatives trading.
Speaking to the South China Morning Post earlier this year, Jean-David Péquignot, chief commercial officer of Deribit, one of the largest derivatives exchanges, said crypto derivatives rules were a missing piece of legislation for Hong Kong.
Hong Kong's legislative council, its parliamentary body, recently passed a bill that would allow for the licensing of stablecoins in the city.
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Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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