Hong Kong Securities and Futures Commission (SFC) CEO Julia Leung stated that the organization is working to create a more comprehensive regulatory environment for virtual assets. In the short term, three new measures will be announced, starting with preparations to allow trading platforms to offer perpetual contracts. Additionally, Hong Kong brokers will in the future be permitted to provide financing services using Bitcoin and Ethereum as collateral.
Julia Leung mentioned at the “Consensus 2026” conference held in Hong Kong on Wednesday that the SFC will soon unveil a “high-level regulatory framework” to allow platforms to offer perpetual contracts. However, initially, participation will be limited to “professional investors,” and retail investors will not be allowed to access these products for now.
Julia Leung emphasized that the future framework will focus on risk management, requiring platforms to maintain high transparency, manage volatility in funding rates and automatic liquidation risks, and ensure fair trading mechanisms for clients.
Another exciting development for the market is that the SFC will permit brokers to offer financing to creditworthy clients. The most notable breakthrough is that, in addition to traditional securities, Bitcoin and Ethereum will be recognized as qualified collateral for the first time.
Leung explained that considering the high volatility of virtual assets, the SFC has adopted a cautious approach to initial steps. In the first phase, only Bitcoin and Ethereum, which have the largest market capitalization and liquidity, will be accepted as collateral.
Regarding market liquidity, the SFC also plans to relax regulations, allowing trading platforms to provide liquidity through “independent market-making departments,” provided that platforms establish strict conflict-of-interest prevention mechanisms and ensure that market-making units operate with genuine independence and have comprehensive rules in place.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: If ETH breaks through $2,047, the total liquidation strength of short positions on mainstream CEXs will reach $733 million.
ChainCatcher Message: According to Coinglass data, if ETH breaks through $2,047, the total liquidation strength of long positions on major CEXs will reach $733 million. Conversely, if ETH drops below $1,856, the total liquidation strength of short positions on major CEXs will reach $589 million.
GateNews19m ago
Bitmine Expands Ethereum Holdings as Staking Network Nears Launch
Bitmine Immersion Technologies disclosed it holds 3.04 million staked Ethereum worth $6 billion, representing 3.71% of Ethereum's supply. The firm's $9.9 billion treasury includes Bitcoin and cash, with 68% of holdings staked, generating $172 million annually.
CryptoFrontNews1h ago
Massive ETF Inflows: BTC, ETH, SOL, XRP See $521M Surge
_US spot crypto ETFs posted $521.45M in net inflows on March 2, 2026, led by Bitcoin products._
_Bitcoin ETFs bought 6,970 BTC worth $458.20M, equal to about 15 days of mined supply._
_Ethereum, Solana, XRP, and Dogecoin ETFs saw inflows, while HBAR, LTC, AVAX, and LINK had zero flows._
LiveBTCNews1h ago
ETH short-term increase of 1.04%: Spot buying driven and deflation expectations resonate to amplify the rally
March 3, 2026 12:00 to 12:15 (UTC), ETH prices rapidly rose within the range of 1960.84 to 1990.3 USDT, recording a 1.04% return with an amplitude of 1.50%. The candlestick data reflect significant market activity during this period, with trading volume and volatility both at high levels, attracting widespread market attention.
The main driver of this movement is active spot market buying, which pushed short-term prices higher. At the same time, leveraged funds in the futures market participated heavily, with open interest exceeding $25 billion, and approximately $96.85 million in long and short funds within the market.
GateNews2h ago
Bitmine scans another 50,000 ETH! Tom Lee Looks Forward to a Rebound in March
Bitmine Immersion Technologies (BMNR) announced that as of March 1, it holds 4.47 million ETH, valued at $8.8 billion, making it the publicly listed company with the largest holdings of Ethereum worldwide. Despite the market downturn, Bitmine continues to increase its ETH holdings and plans to launch its own "Made in USA Validator Network," which is expected to generate an annualized revenue of $249 million.
区块客2h ago
