Deribit, the largest exchange of cryptocurrency derivatives in the world, aims to develop in Hong Kong, a sign of dynamics while the market regulator seeks to make the city a center for virtual active ingredients.
The company based in Dubai was attracted to Hong Kong because of its position as an international financial center and its dynamic community of family offices and asset managers, which are increasingly interested in cryptocurrencies, A declared Jean-David Péquignot, commercial director of the company, who, who is based in the city.
“Hong Kong is this central financial center in the world and a big one in Asia,” he said. “If the regulators can solve the derived part, it is a place where we like to be.”
The trading of cryptographic derivatives was the missing piece of what the regulators of Hong Kong currently allow, which was mainly focused on licenses, said Péquignot.
“Derivatives can be speculative instruments for people who wish to take leverage in a market,” he said. “They can be risky, but they are also very powerful instruments for risk coverage and management.”
