Hong Kong’s financial regulator plans to let licensed crypto platforms access global order books, aiming to invigorate local trading and compete with more active markets like the United States.
The Securities and Futures Commission of Hong Kong intends to allow licensed cryptocurrency trading platforms to connect to global order books, enabling broader market access and potentially increasing liquidity. This regulatory adjustment seeks to boost relatively muted trading activity compared to markets such as the U.S. The measure is part of ongoing efforts to strengthen Hong Kong’s position as a competitive hub for digital asset trading.