Christopher Hui Ching-yu, Secretary for Financial Services, confirmed that this initiative is in line with Hong Kong’s aim to stay competitive in the global digital assets landscape. The Securities and Futures Commission (SFC) ensures the derivatives market’s safe and transparent rollout.

Given the size of the derivatives market, which surpasses the spot market, traders often opt for derivatives, utilizing advanced tools to minimize risk and manage portfolios effectively. This latest development offers Hong Kong’s crypto traders more flexibility in their crypto investment ventures. However, the SFC will take a measured approach, closely monitoring the evolving situation and gradually embracing more crypto technologies as the circumstances become favorable.

In May, Hong Kong sanctioned legislation related to the adoption of stablecoins, digital currencies pegged to traditional currencies like the USD. To foster traders’ confidence, the regulators released a licensing scheme. The endorsement of stablecoins is expected to pave the way for DeFi platforms to create innovative financial tools in Hong Kong.

Hong Kong’s prudent strategy allows regulators to identify potential market shocks and adjust their approvals accordingly. Future tax reductions for crypto investors are also on the horizon, which could be a significant draw for global crypto investors. The ultimate objective seems to be attracting high-end investors to their local market while streamlining tax, licensing, and compliance services to make crypto investing a hassle-free experience.

Further developments are expected in 2025, when the SFC will share insights into web3 technologies and blockchain infrastructure projects. Hong Kong continues to strive for crypto adoption, having launched Asia’s first spot in the ETF market and hosting over 1,000 FinTech companies. With reforming tax systems and promoting its financial services, Hong Kong is certainly gearing up to compete on the global digital trading stage.

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A job posting for a “General Manager (Crypto Derivatives)” position reveals that Revolut is currently hiring in London, Barcelona, and Dubai. The individual appointed to this role would be responsible for overseeing the rollout of the derivatives platform, from the product blueprint and trading infrastructure to regulatory adherence and commercial strategy.

The listing suggests that Revolut aims to establish “one of the most reliable, scalable, and profitable derivatives offerings globally.” This would be done by tapping into Revolut’s impressive global clientele, which boasts 50 million users.

Revolut’s plan to venture into crypto derivatives coincides with its ongoing efforts to broaden its crypto-related offerings. On May 19, Revolut announced a commitment to invest over 1 billion euros ($1.1 billion) in France and apply for a local banking license. Cointelegraph reached out to Revolut for a comment, but no response was available at the time of publication.

Interestingly, Revolut’s objective to delve into crypto derivatives might clash with the current regulations in the United Kingdom. In 2021, the UK Financial Conduct Authority (FCA) prohibited crypto derivatives for retail users, citing risks for novice traders. Given these restrictions, it remains unclear what initial market Revolut has in mind for its crypto derivatives. The job listing, however, implies that a strong understanding of European Union financial market regulations is a plus. Dubai, with its retail-friendly regulatory framework, is another potential candidate.

“If Revolut targets the UK market, obtaining regulatory approval could be challenging unless the product is limited to professional clients,” opined Daniel Arroche, a partner at blockchain law firm D&A Partners. “However, in the EU or Dubai, approval is more achievable.”

In 2024, Revolut secured a long-awaited UK banking license, which opened up avenues for the company to broaden its lending services, including credit cards, buy-now-pay-later products, and potentially mortgages.

Established in 2015, Revolut was among the first prominent fintechs to embrace crypto, introducing trading support in 2017. Since then, the company has consistently expanded its crypto services. In May 2024, Revolut launched Revolut X, a specialized desktop crypto exchange designed for seasoned traders. The platform supports trading for 100 tokens with minimal fees and real-time on/off-ramp capabilities, and there are plans for a mobile version in 2025.

Remarkably, a significant portion of the company’s overall revenue is now generated by its crypto division. In 2024, the fintech behemoth doubled its pre-tax profit to 1 billion British pounds ($1.3 billion) from 438 million pounds in 2023. This surge was fueled by rapid customer growth and a resurgence in crypto trading.

The post Revolut Prepares to Venture into Crypto Derivatives, Recent Job Posting Reveals appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Mark Jennings, Gemini’s European head, stated, “With the commencement of our business operations, we will be in a position to provide regulated derivatives across the EU and EEA [European Economic Area] under MiFID II.”

Jennings further identified the MiFID II license as a significant milestone in Gemini’s European expansion, bringing it closer to providing derivatives to both retail and institutional customers. The forthcoming derivatives offering in the EU and EEA by Gemini will encompass perpetual futures and other derivatives, targeting advanced Gemini users.

“We will be striving to meet the necessary conditions to roll out these products across Europe in the upcoming months,” Jennings added. According to the records of MFSA, the license for Gemini’s Maltese entity, Gemini Intergalactic EU Artemis, was issued on May 8, 2025.

Despite Gemini’s most recent license signifying the US-based exchange’s ongoing regulatory advancements in Europe, it has yet to receive full MiCA licensing as of May 2025. Earlier in January, Gemini declared Malta as its center for complying with the European Union’s Markets in Crypto-Assets (MiCA) framework. This decision was taken shortly after Gemini obtained its sixth European virtual asset service provider (VASP) registration from the MFSA in December 2024.

Gemini’s impending crypto derivatives rollout in Europe marks another significant development in the global crypto industry’s growing derivatives trend. On May 8, Coinbase, the US’s largest crypto exchange by trading volume, announced the $2.9 billion acquisition of Deribit, one of the largest crypto derivatives platforms globally. This announcement followed closely on the heels of rival exchange Kraken’s confirmation of plans to acquire NinjaTrader, the derivatives trading platform, for $1.5 billion on May 1.

The post Gemini Gains Regulatory Approval to Roll Out Crypto Derivatives in Europe appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Coinbase’s move comes as part of its strategy to break into the lucrative crypto derivatives market. As per the report, the deal’s price tag includes $700 million in cash and 11 million shares of Coinbase’s Class A common stock.

Despite the buzz surrounding the acquisition, Coinbase has yet to respond to a comment request from Reuters.

The post Coinbase to Venture into Crypto Derivatives with $2.9 Billion Deribit Acquisition appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Binance Australia recently announced that it would be discontinuing its derivatives trading services. This news may have come as a surprise to some of its users, but the decision was made in response to regulatory changes in the country. However, this setback has not dampened the spirits of the exchange as it looks towards new opportunities and offerings. In this article, we will dive into the implications of this decision and how Aussie traders are embracing new options.

Goodbye, Derivatives!

Binance Australia’s decision to discontinue derivatives trading services was made in response to regulatory changes set by the Australian Securities and Investments Commission (ASIC). The regulatory changes placed restrictions on certain types of derivatives trading in Australia, making it difficult for Binance to offer these services to its users. While this may come as a disappointment, it is important to note that Binance has taken steps to ensure that its Australian users’ funds and assets are secure and protected, even as they discontinue these services.

Binance Oz Moves Forward

Despite the setback caused by the discontinuation of derivatives trading, Binance Australia remains committed to delivering innovative and secure crypto trading services to its users. The exchange has already begun to focus on other areas of the market, such as spot trading and staking. It has also launched a new referral program and rewards system, offering its users more ways to earn and save on trades. In addition, the exchange plans to expand its offerings in Australia, with new features and products in the pipeline.

Minor Setback, Major Opportunities

While the discontinuation of derivatives trading may seem like a minor setback for Binance Australia, it presents new opportunities for the exchange as it looks towards the future. The decision to focus on other areas of the market, such as spot trading and staking, allows the exchange to explore new avenues for growth and innovation. It also provides an opportunity to connect more deeply with its users, offering them a more personalized and tailored trading experience.

Aussie Traders Embrace New Options

Aussie traders have responded positively to Binance Australia’s decision to discontinue derivatives trading services. Many have embraced new options, such as spot trading and staking, as well as the new referral program and rewards system. These new offerings have also attracted new users to the exchange, as they seek out secure and innovative crypto trading services. Binance Australia’s commitment to expanding its offerings in the country is also seen as a positive sign of its dedication to the market and its users.

Binance Aussies Bid Farewell to Derivatives: A Minor Setback for the Exchange

Binance Australia’s decision to discontinue derivatives trading services may have been a disappointment for some users, but it has not dampened the exchange’s spirit. Instead, it has presented new opportunities for growth and innovation, as the exchange pivots towards other areas of the market. Aussie traders have embraced these new options, and the exchange’s commitment to expanding its offerings in the country is a positive sign of its continued dedication to its users. As Binance Australia moves forward, it remains a trusted and secure platform for crypto trading in the country.

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