Hong Kong is set to bring virtual asset trading, custody and advisory services under a licensing regime, with a draft bill to be submitted to the Legislative Council in 2026. The key issue isn’t licensing—it’s those two words: “custody.”
At Hong Kong FinTech Week, Christopher Hui, Deputy Secretary for Financial Services and the Treasury, said that, in line with the direction of the Policy Statement on the Development of Digital Assets 2.0, a licensing regime would be established for virtual asset trading, custody, advisory and management services, with an amendment bill to be submitted in 2026. At the same event, Julia Leung of the SFC stressed that as AI and tokenisation move forward, investor protection and market integrity must keep pace. Eddie Yue of the HKMA mentioned “Fintech 2030.”
In the past, Hong Kong’s Type 1, 4, 7 and 9 licences carved up custody in a fragmented way, and many firms sidestepped regulation by “providing technology only and not touching custody.” If custody gets its own licence, the costs of fund segregation and insurance for exchanges will rise directly, squeezing out smaller platforms, while those licensed early will be on firmer footing.
As for how far retail investors will be allowed to go, that will depend on the eligibility requirements in the detailed rules. If Hong Kong continues down the institutional-market path this time around, the barriers for retail investors won’t be lowered all at once.
$CASH Lately, because I’ve been playing on the BSC chain, I’ve honestly been having a really hard time. I originally thought I could earn a bit of money for living expenses, but after I entered at a high point, it kept dropping—my money just disappeared like running water. Every day I watch my wallet balance shrink little by little, and I feel empty inside, like I’ve failed myself. At night, I often sit alone and stare at my phone, wanting to tell my friends but being afraid of being laughed at, so I can only swallow my grievances. I still have a little $CASH left in my hands, but I don’t have the courage to move again. I just hope someone can understand what it feels like to be suffocated by losses—it really needs a bit of warmth.
💎 MSFTUSDT perpetual contract is live, let's discuss my thoughts.
From the data, ETH is the center of attention today. Down 2.5%, with a trading volume of 82.3B. Are the big players entering or exiting the market?
The average fluctuation is less than 1%, and the market is choosing its direction. Patience is more important than making frequent trades.
The launch of the perpetual contract is bullish for the project — it means more players can enter the game. However, there might be selling pressure as soon as it goes live, potentially leading to a "launch high" scenario. My advice is to wait a week before reassessing.
My take: Honestly, I wouldn't recommend chasing now. The initial volatility after the contract launch can easily trigger stop losses. It’s safer to wait until the dust settles before making any moves.
💰 Log into Binance for the MSFTUSDT perpetual contract, let me share my take.
Ethereum (ETH) dropped 2.1% in the last 24 hours with a volume of 83.9B. That kind of volume isn’t something retail traders can easily handle.
With an average fluctuation of less than 1%, the market is still deciding on a direction. Patience is more important than frequent trades.
The launch of perpetual contracts is bullish for projects — it means more players can enter the game. However, in the short term, there might be selling pressure with the "launch equals peak" phenomenon. My advice: wait a week before making any moves.
My assessment: it’s a medium to long-term bullish signal for ETH, but there could be short-term selling pressure. I recommend observing for 1-2 weeks, and once market sentiment stabilizes, decide whether to enter.
🎯 Just saw the news about MSFTUSDT perpetual contract going live, let me say a few words.
BNB's 24-hour volatility is 1.1%, and a trading volume of 78.2B indicates high market attention.
The average rise and fall is less than 1%, and the market is choosing its direction. Patience is more important than frequent operations.
The launch of perpetual contracts is a positive for the project — it means more players can enter the market. However, in the short term, there may be selling pressure due to "launching at a high point." My suggestion is: wait a week before reassessing.
My judgment: it's a medium to long-term positive for BNB, but there may be selling pressure in the short term. I recommend observing for 1-2 weeks and deciding whether to enter the market after the market sentiment stabilizes.
📊 Just saw that the MSFTUSDT perpetual contract is going live, thought I'd share a few words.
BNB has fluctuated by 1.9% in the last 24 hours, with a trading volume of 72.3B indicating high market interest.
Today, the market doesn't have a clear direction, mainly moving sideways. This kind of market is best for watching and not suitable for heavy positions.
The launch of the BNB perpetual contract means more trading opportunities, but it also comes with increased risk. The volatility of futures is several times that of spot, so it's advisable to sit on the sidelines and wait for the market to digest before deciding whether to jump in.
My take: Honestly, I wouldn't recommend chasing right now. The initial phase of a contract launch can be very volatile, making it easy to get stopped out. It's safer to wait until things settle down a bit.
🎯 Logging into Binance for the MSFTUSDT perpetual contract, let me share my insights.
ETH has seen a 24-hour volatility of 2.8% with a trading volume of 69.4B, indicating high market interest.
The average price movement is under 1%, suggesting the market is currently weighing its options. Patience is key; waiting is often more valuable than making frequent trades.
The launch of perpetual contracts is bullish for the project—this means more players can enter the market. However, in the short term, we might face "pump and dump" sell pressure right after the launch. My advice? Wait a week before making any moves.
My take: Honestly, I wouldn't recommend chasing now. The initial volatility of the contract launch can easily trigger stop-losses. It's wiser to wait for the dust to settle.
📊 The MSFTUSDT perpetual contract has launched, let's talk about my views.
BNB fluctuated by 3.8% in 24 hours, with a trading volume of 70.1B indicating high market attention.
An average decline of 2.4% is within the normal consolidation range. No need to panic, but also don't rush to buy the dip.
The launch of the BNB perpetual contract means more trading opportunities, but also greater risks. The volatility of contracts is several times that of spot, so it is advisable to observe first and decide whether to participate after the market digests.
My judgment: To be honest, I do not recommend chasing now. The initial phase of the contract launch is highly volatile and easy to hit stop-loss. It's more prudent to wait and see.
🔥 MSFTUSDT perpetual contract login to Binance, let's talk about my judgment.
From the data, ETH is the focus today. Down 3.5%, with a trading volume of 75.0B. Is large capital entering or withdrawing?
An average decline of 2.5% is within the normal consolidation range. There's no need to panic, but don't rush to bottom-fish either.
The launch of ETH perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of contracts is several times that of spot, so I recommend waiting and watching before deciding whether to participate after the market digests it.
My judgment: to be honest, I don't recommend chasing right now. The initial period of contract launch is highly volatile and easy to trigger stop-losses. It's more prudent to wait until it stabilizes before looking again.
📊 I just saw the news about MSFTUSDT perpetual launch and I have a few words to say.
From the data, ETH is the focus today. It has dropped by 2.7%, with a trading volume of 90.0B. Are large funds entering the market or withdrawing?
The average rise and fall is less than 1%, and the market is choosing a direction. Patience is more important than frequent operations.
The launch of ETH perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of contracts is several times that of spot trading, so it is advised to wait and see before deciding whether to participate after the market digests the information.
My judgment: It is a medium to long-term positive for ETH, but there may be selling pressure in the short term. It is recommended to observe for 1-2 weeks and decide whether to enter the market after the market sentiment stabilizes.
💰 I just saw the news about the launch of MSFTUSDT perpetual contracts and wanted to say a few words.
XRP has fluctuated by 4.0% in the last 24 hours, and the trading volume of 88.7B indicates a high level of market attention.
Today the market experienced a slight pullback, with an average drop of 2.2%. XRP's volatility is particularly large, and it's not something retail investors can control.
The launch of XRP perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of contracts is several times that of spot trading, so I recommend waiting and watching before deciding whether to participate after the market digests the news.
My judgment: To be honest, I don't recommend chasing in right now. The initial stage of contract launches is highly volatile and can easily trigger stop-loss orders. It's more prudent to wait for things to stabilize.
💎 Log in to Binance for MSFTUSDT perpetual contract and share my judgment.
XRP fluctuated by 3.4% in 24 hours, with a trading volume of 96.0B indicating high market attention.
Today, the market doesn't have any special direction, mainly fluctuating. This kind of market is best for observing and not suitable for heavy operations.
The launch of perpetual contracts is a positive sign for the project—meaning more players can enter the market. However, in the short term, there may be selling pressure as "launching could be the peak." My advice is to wait for a week before making any decisions.
My judgment: it is a medium to long-term positive for XRP, but there may be selling pressure in the short term. I recommend observing for 1-2 weeks before deciding whether to enter when market sentiment stabilizes.
🔥 MSFTUSDT perpetual contract is online, let's talk about my views.
XRP fluctuated by 3.7% in 24 hours, with a trading volume of 106.5B indicating high market attention.
Today the market slightly corrected, averaging a drop of 2.1%. XRP's volatility is particularly large and cannot be influenced by retail investors.
The launch of the perpetual contract is a positive for the project - it means more players can enter the market. However, there may be selling pressure in the short term due to the "launch being the peak". My suggestion is: wait a week and then reassess.
My assessment: this is a medium to long-term positive for XRP, but there may be selling pressure in the short term. I recommend observing for 1-2 weeks, and deciding whether to enter the market after the market sentiment stabilizes.
⚡ Just saw that MSFTUSDT perpetual has gone live, let me say a few words.
Bitcoin (BTC) has risen by 0.8% in the last 24 hours, with a transaction volume of 119.1B. This volume is not something retail investors can play with.
Today, the market doesn't have any particular direction, mainly fluctuating. This kind of market is most suitable for observation, not for heavy trading.
The launch of BTC perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of contracts is several times that of spot, so it is advisable to wait and see, and decide whether to participate after the market digests.
My judgment: To be honest, I do not recommend chasing now. The initial phase of contract launch has large fluctuations and is prone to stop-loss. It is safer to wait for it to stabilize before taking a look.
🔥 Just saw the news about the launch of MSFTUSDT perpetual contract, let me say a few words.
Bitcoin (BTC) rose by 2.1% in the last 24 hours, with a transaction volume of 111.1B. This level of trading volume is not something retail investors can engage with.
The average fluctuation is less than 1%, and the market is choosing a direction. Patience is more important than frequent trading.
The launch of BTC perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of contracts is several times that of spot trading, so it is advisable to observe first and decide whether to participate after the market digests.
My judgment: To be honest, I do not recommend chasing it now. The initial stage of the contract launch is highly volatile and easy to trigger stop losses. It's safer to wait until it stabilizes.
🔥 MSFTUSDT perpetual contract login to Binance, let me share my judgment.
From the data perspective, ETH is the focus today. An increase of 3.8%, trading volume 106.2B. Is large capital entering or retreating?
On average, it has risen by 2.6%, and market sentiment is decent. ETH's volatility is particularly noticeable, indicating that capital is rotating.
The launch of ETH perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of the contract is several times that of the spot, so it is advisable to wait and see before deciding whether to participate after the market digests.
My judgment: to be honest, I do not recommend chasing now. The initial phase of the contract launch is volatile, and it is easy to be stopped out. It is more prudent to wait and see once it stabilizes.
🎯 Just saw the news about the launch of MSFTUSDT perpetual contracts, let me say a few words.
ETH has fluctuated 4.0% in the last 24 hours, with a trading volume of 104.0B indicating high market attention.
Today, the market is steadily rising, with an average increase of 2.8%. There isn't a particularly strong direction, mainly a consolidation phase. This kind of market tests patience the most.
The launch of perpetual contracts is a positive for the project—meaning more players can enter the market. However, in the short term, there may be selling pressure as "the launch might be the peak." My suggestion is to wait a week and then assess.
My judgment: It is a medium to long-term positive for ETH, but there may be selling pressure in the short term. I recommend observing for 1-2 weeks and deciding whether to enter the market after the market sentiment stabilizes.
📊 Just saw the news about the MSFTUSDT perpetual contract going live, let me say a few words.
Ethereum (ETH) increased by 3.1% in 24 hours, with a trading volume of 101.5B. This level of volume is not something retail investors can easily engage with.
The average fluctuation is less than 1%, and the market is choosing its direction. Patience is more important than frequent trading.
The launch of perpetual contracts is a positive for the project—meaning more players can enter the market. However, in the short term, there may be selling pressure from "launch being the peak." My suggestion is to wait a week before reassessing.
My judgment: It is a medium to long-term positive for ETH, but there may be selling pressure in the short term. I recommend observing for 1-2 weeks and deciding whether to enter the market after the market sentiment stabilizes.
💎 The MSFTUSDT perpetual contract is online, let's talk about my views.
ETH fluctuated by 3.3% in 24 hours, and a trading volume of 96.5B indicates high market attention.
Today, the market doesn't have any special direction, mainly fluctuating. This kind of market is most suitable for observation and not for heavy positions.
The launch of the ETH perpetual contract means more trading opportunities, but it also means greater risks. The fluctuations of contracts are several times that of spot, so I suggest observing first, and deciding whether to participate after the market digests.
My judgment: it is a medium to long-term positive for ETH, but there may be selling pressure in the short term. I recommend observing for 1-2 weeks, and deciding whether to enter after market sentiment stabilizes.
⚡ MSFTUSDT perpetual contract login to Binance, let's talk about my judgment.
ETH fluctuated 4.5% in 24 hours, with a trading volume of 98.1B indicating high market attention.
On average, it increased by 3.1%, and the market sentiment is decent. The volatility of ETH is particularly noticeable, indicating that funds are rotating.
The launch of ETH perpetual contracts means more trading opportunities, but it also means greater risks. The volatility of contracts is several times that of spot trading, so it is recommended to wait and see, and decide whether to participate after the market digests.
My judgment: to be honest, I do not recommend chasing now. The initial period of contract launches is volatile and prone to stop-loss. It is more prudent to wait until it stabilizes before assessing.