Spot crypto and leveraged crypto derivatives have to be answered separately in Hong Kong, and only the first is settled here. Spot: the SFC runs a licensing regime for virtual asset trading platform operators, and an SFC-licensed platform may admit virtual assets for trading by retail clients — the SFC's own conduct FAQ discusses what a platform operator must do when an asset 'available for trading by its retail clients' stops meeting the admission criteria, which only makes sense in a regime where retail trading on a licensed platform is allowed. Licensed platforms carry heavy obligations: custody, Know-Your-Client, AML/CFT, asset-admission criteria, market-abuse prevention, audit, risk management and cybersecurity.
The contract itself does not change by geography: a ASTER perpetual settles in USDC everywhere.
9 venues open Aster perps to traders in Hong Kong.
ApeX
Aster
Avantis
gTrade
Helix
Hyperliquid
Lighter
PacificaFour steps from sign-up to an open position.
Hong Kong charges Profits Tax on a territorial basis and expressly excludes profits arising from the sale of capital assets; the Inland Revenue Department also states that no tax is levied on profits arising abroad, even if they are remitted to Hong Kong.
Trading Aster from Hong Kong: legal.
Regulator for Aster trading in Hong Kong: Securities and Futures Commission (SFC).
Hong Kong charges Profits Tax on a territorial basis and expressly excludes profits arising from the sale of capital assets; the Inland Revenue Department also states that no tax is levied on profits arising abroad, even if they are remitted to Hong Kong.
Hong Kong traders can fund Aster positions using Bank Transfer (HKD), Credit/Debit Card and P2P Marketplace.
Hong Kong residents can trade Aster on 15 platforms, including ApeX, Aster and Avantis.