Hong Kong SFC Sets Rules for Margin and Perpetual Crypto Products for Professionals on 11 February 2026

On 11 February 2026, Hong Kong's Securities and Futures Commission set out a framework allowing licensed virtual asset platforms and brokers to provide margin financing and structured perpetual contracts. These leveraged crypto products are restricted to professional investors and must follow strict collateral, risk management, and governance standards aligned with traditional finance. The measures aim to expand regulated derivatives activity while maintaining controls on leverage and retail investor exposure.