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South China Morning Post

South China Morning Post

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Business & Economics

Crypto derivatives a missing piece in Hong Kong's virtual-asset push, Deribit says

South China Morning Post
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Deribit, the world's largest cryptocurrency derivatives exchange, aims to expand in Hong Kong .

The Dubai -based company was drawn to Hong Kong because of its position as an international financial hub.

Derivatives trading was the missing piece of what Hong Kong regulators currently allow, chief executive Jean-David Pequignot said.

The Securities and Futures Commission unveiled a new road map of initiatives for the virtual-asset ecosystem.