In this week’s roundup, we look at new developments in the digital assets market in relation to derivatives and structured products including Hashkey’s plan on derivatives as it goes live in HK, Grayscale’s winning over the SEC, the approval granted to Coinbase in the US, and more.
SEBA Bank Hong Kong, the subsidiary of Swiss crypto-focused SEBA Bank, has been granted an approval-in-principle from the Securities and Futures Commission (SFC) to operate regulated virtual asset activities in Hong Kong SAR, the firm announced today(30 August). The launch of Hong Kong’s first licensed retail trading exchange is the first step for SEBA Hong Kong to acquire an official licence, which will allow it to operate as a licensed entity once all the SFC conditions have been met.