Hong Kong SFC Approves Margin Financing and Perpetual Futures for Licensed Exchanges
The Securities and Futures Commission (Hong Kong financial regulator) has expanded its crypto rules, permitting perpetual futures trading and margin financing for licensed platforms.
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Terms & Concepts
Securities and Futures Commission (SFC): Hong Kong's regulatory body overseeing securities, futures, and derivatives markets.
Margin Financing: Borrowing funds from a broker to trade, using existing investments as collateral.
Perpetual Futures: A type of derivative contract without an expiry date, allowing traders to maintain positions indefinitely.