Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

Hong Kong e-HKD Pilot Test 24/7 Derivatives Margin Payment

CoinNetwork
robot
Abstract generation in progress
CryptoWorld news: The Hong Kong Stock Exchange (HKEX) and the Hong Kong Monetary Authority (HKMA) are testing e-HKD for derivatives margin payments, marking a new phase in Hong Kong’s cryptocurrency development. The pilot is intended to address payment restrictions for clearing participants outside normal banking hours, using e-HKD as a wholesale digital currency rather than a tradable crypto asset. This move brings digital settlement into Hong Kong’s capital market infrastructure, improving market operational efficiency. HKEX and HKMA are testing e-HKD for margin payments in derivatives trading, so that clearing participants can access funds more quickly when trading continues beyond normal banking hours. Under current rules, margin requests must be submitted before 3 p.m.; late submissions cannot be processed for the next trading session. 24/7 wholesale CBDC can reduce this friction and improve the liquidity of margin funds in a regulated market. The pilot does not turn e-HKD into a speculative crypto asset; instead, it uses it as a settlement tool within regulated financial infrastructure. Participation is voluntary, and the pilot will be conducted under controlled conditions; future broad adoption still requires regulatory approval and market readiness.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 2
  • Share
Comment
Add a comment
Add a comment
GateUser-4e0e3bcf
· 9h ago
e-HKD is used as collateral for derivatives, 24/7 clearing means no more waiting for banks to open, liquidity friction is indeed a pain point.
View OriginalReply0
SnackFi
· 9h ago
Voluntary participation during the pilot phase, in a controlled environment, with a very stable regulatory approach. Before promotion, it is necessary to assess the market's absorption capacity.
View OriginalReply0
SunshineCollector
· 9h ago
Wholesale CBDC is positioned as a settlement tool rather than for speculation; this move is correct, a key step in upgrading the capital market infrastructure.
View OriginalReply0

  • Pinned

Sitemap