Deribit, the largest exchange of cryptocurrencies in the world, aims to expand Hong Kong, a sign of momentum where the market organizer is looking to make the city a center for virtual assets.
Jean -David Picoenot, the company's chief trading official, who is increasingly concerned with cryptocurrencies, said that the Dubai -based company to Hong Kong because of its status as an international financial center and its vibrant community from family offices and asset managers, who are increasingly interested in cryptocurrencies. It is located in the city.
“Hong Kong is this central financial center in the world and large in Asia,” he said. “If the organizers can solve a piece of derivatives, it is a place we love to be.”
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On Wednesday, the Securities and Futures Committee (SFC) revealed a new Road map One of the initiatives of the ecological system is virtual assets. The plan includes a study of providing products derived from virtual assets for professional investors, or those of no less than $ 8 million Hong Kong (USD).
Jean David Picwenot, chief commercial official at Deribit. Photo: Alt = Jean-David Pequignot, Chief Trade official at Deribit. Photo: Bulletin>
Picwenot said the trading of encryption derivatives was the missing part of the current Hong Kong organizers, which was often focused on the license.
“Derivatives can be speculative tools for people who want to take bets to benefit from the market,” he said. “It can be risky, but also very strong tools for hedging and risk management.”
Pecinot said the risk management component can help investors move in volatile encryption market fluctuations.
Deribit, licensed in Dubai, offers a Bitcoin and ETHER options trading platform. This derived tool is granted to merchants the right to buy or sell an asset at a specific price at a specific time without an immediate commitment to buying or selling basic assets.
“Asia is a large market for derivatives, with developed investors from a very speculative in nature,” said Picoenot. “We want to be in Asia. We just need to find the right place and time to interact with the organizers and get an organizational framework to work with.”
Singapore, another Asian financial center, has not yet established regulations for coding trade.
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