CryptoMediaClub
Sunday, October 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Deribit Plans Hong Kong Enlargement as Metropolis Pushes to Develop into Digital Asset Hub

24.02.2025
A A
0
119
VIEWS
ShareShare

Deribit, the world’s largest cryptocurrency derivatives trade, is setting its sights on increasing into Hong Kong, as town intensifies efforts to change into a number one hub for digital property.

The Dubai-based agency is drawn to Hong Kong’s popularity as a global monetary heart and the rising curiosity in cryptocurrencies amongst household places of work and asset managers.

“Hong Kong is a central monetary hub globally and a key participant in Asia,” stated Jean-David Pequignot, Deribit’s Chief Business Officer, who relies within the metropolis.

“If regulators handle the derivatives sector, it’s a market the place we’d like to be.”

Deribit Eyes Hong Kong Enlargement as SFC Unveils Digital Asset Roadmap

Deribit’s growth plans come as Hong Kong’s Securities and Futures Fee (SFC) unveiled a complete roadmap to develop town’s digital asset ecosystem.

A key part of the plan includes exploring the introduction of digital asset derivatives tailor-made for skilled buyers with portfolios exceeding HK$8 million (roughly US$1 million).

At present, Hong Kong’s regulatory framework emphasizes licensing however lacks provisions for crypto derivatives buying and selling.

Pequignot famous that derivatives, whereas usually seen as speculative, are essential instruments for hedging and danger administration.

“They permit buyers to handle volatility within the crypto markets,” he stated.

Deribit focuses on bitcoin and ether choices, providing merchants the power to purchase or promote property at a predetermined value inside a specified timeframe.

“Asia is a major marketplace for derivatives, with refined and speculative buyers,” Pequignot defined. “We intention to determine a presence in Asia, offered we will align with regulatory requirements.”

Whereas Singapore stays a notable Asian monetary heart, it has but to implement a regulatory framework for crypto derivatives, positioning Hong Kong to capitalize on the chance.

The roadmap, known as ASPIRe, focuses on 5 pillars:
Entry
Safeguards
Product
Infrastructure
🔹 Relationships
It’s a broad effort to combine crypto inside Hong Kong’s monetary ecosystem.

— Galaxy (@galaxyhq) February 23, 2025

Pequignot highlighted the rising curiosity from Hong Kong-based household places of work and asset managers, a lot of whom are key buying and selling companions for Deribit.

“We’re witnessing a rising demand for derivatives merchandise within the crypto area, pushed by savvy particular person buyers, hedge funds, and institutional gamers,” Pequignot added.

Deribit Sees 95% Surge in Buying and selling Quantity, Hitting $1.2 Trillion in 2024

Deribit’s progress trajectory has been sturdy.

In 2024, the trade recorded a 95% year-over-year improve in buying and selling quantity, reaching US$1.2 trillion.

The surge was bolstered by optimism surrounding the U.S. presidential election and bitcoin’s subsequent rally towards the US$100,000 mark.

Trying forward, Deribit additionally has its eyes on the U.S. market, notably as former President Donald Trump’s crypto-friendly stance may foster favorable laws.

“We’re eager to serve the U.S. market as soon as an acceptable framework is established,” Pequignot stated.

Based in 2016, Deribit is actively partaking with regulators in France and Brazil to safe derivatives licenses.

Final 12 months, Hong Kong legislator Wu Jiexhuang proposed leveraging town’s “one nation, two techniques” framework to incorporate Bitcoin in its nationwide reserves, aiming to bolster monetary safety.

Quite a few Hong Kong companies have additionally adopted a Bitcoin reserve technique.

Only in the near past, HK Asia Holdings Restricted introduced that it expanded its Bitcoin holdings, buying roughly 7.88 BTC, after approval by the corporate’s board.

The submit Deribit Plans Hong Kong Enlargement as Metropolis Pushes to Develop into Digital Asset Hub appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether
All news

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
0

Video-sharing platform Rumble is preparing to introduce Bitcoin tipping for its 51 million monthly users, a move that could accelerate...

Read moreDetails
SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

25.10.2025
Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

25.10.2025
Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

25.10.2025
Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

25.10.2025
Load More
Next Post
Bybit Suffers Greatest Crypto Trade Hack Price $1.4 Billion

Bybit Suffers Greatest Crypto Trade Hack Price $1.4 Billion

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

10 Crypto Ideas That Should be Developed in Bear Market, According to Coinbase’s Brian Armstrong

2 years ago
CP Media Covers Crypto Volatility

CP Media Covers Crypto Volatility

2 years ago
Bitcoin ETFs see record $1.2 billion inflow with BlackRock’s IBIT leading the charge

Bitcoin ETFs see record $1.2 billion inflow with BlackRock’s IBIT leading the charge

3 weeks ago
California approves blockchain-based digital wallet for gov’t services

California approves blockchain-based digital wallet for gov’t services

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

The 5 unbelievable crypto comeback stories that changed the world forever

XRP Price Prediction: Why Softer U.S. Inflation Data Could Accelerate Run to $2.80

Crypto.com Wants a National Trust Bank License – What Would a Federal License Really Change?

PolyMarket Airdrop Confirmed – Here’s What You Need to Know Ahead

Trending

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether
All news

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
0

Video-sharing platform Rumble is preparing to introduce Bitcoin tipping for its 51 million monthly users, a move...

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

25.10.2025
Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

25.10.2025
Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

25.10.2025
Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

25.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz