Hong Kong SFC Says 12 Licensed Crypto Platforms Exceeded HK$640 Billion in 2025 Volume

According to the Securities and Futures Commission of Hong Kong, 12 licensed virtual asset platforms surpassed HK$640 billion in 2025 trading volume as first-quarter activity nearly tripled year over year.

Summary

The Securities and Futures Commission of Hong Kong said 12 licensed virtual asset trading platforms exceeded HK$640 billion in trading volume in 2025, with first-quarter volume nearly three times higher than a year earlier. The regulator also reported that brokers’ virtual asset commission income rose by more than 80% last year, signaling growing participation in Hong Kong’s regulated digital-asset market. The figures come as Hong Kong aims to submit a virtual asset regulatory bill in 2026, a further step toward formalizing oversight of the sector.

Terms & Concepts
  • Virtual asset trading platform: A licensed marketplace where users buy and sell digital assets such as cryptocurrencies under regulatory supervision.
  • Trading volume: The total value of assets traded over a given period, often used to measure market activity and liquidity.
  • Commission income: Revenue brokers earn from fees charged for executing client trades or related investment services.