Cryptocurrency Q&A
What crypto is listed in Hong Kong?
What crypto is listed in Hong Kong?
GwanghwamunPride
Sun Jun 09 2024
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5 answers
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Could you kindly enlighten me on the cryptocurrencies that are currently listed and traded in Hong Kong? I'm particularly interested in understanding which ones are the most popular or have the highest trading volumes. Additionally, I'm also curious about the regulatory framework surrounding these cryptocurrencies in Hong Kong, and whether there are any specific requirements or restrictions for investors to trade in them. Your insights would be greatly appreciated.
5 answers
CryptoLegend
Mon Jun 10 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of crypto investors. Its offerings include spot trading, futures trading, and wallet services, providing a comprehensive platform for those seeking to engage in the crypto market.
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Tommaso
Mon Jun 10 2024
Cryptocurrency futures-based ETFs have already been granted permission in Hong Kong, marking a significant step forward in the region's financial landscape. Three such ETFs have been listed, each offering investors exposure to the volatile yet potentially lucrative world of crypto assets.
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OpalSolitude
Mon Jun 10 2024
These ETFs, namely CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures, collectively boast assets totaling approximately US$175 million. While this figure may seem impressive, it pales in comparison to the scale of offerings in the United States.
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CryptoPioneer
Mon Jun 10 2024
In the US, derivatives-based crypto ETFs have reached staggering heights, with the ProShares Bitcoin Strategy ETF alone boasting assets worth over US$2.5 billion. This underscores the significant gap in the size and scope of crypto ETF markets between Hong Kong and the US.
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Rosalia
Mon Jun 10 2024
Despite this disparity, the emergence of crypto futures-based ETFs in Hong Kong represents a positive development for the region's financial industry. It demonstrates a willingness to embrace innovative financial products and adapt to the changing landscape of the global economy.
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