Hong Kong SFC Expands Global Liquidity Access for Crypto Exchanges
Hong Kong's Securities and Futures Commission (SFC) has introduced a framework allowing licensed crypto exchanges to share trading systems with overseas platforms. This move aims to enhance liquidity, pricing efficiency, and competitiveness in the region's VIRTUAL asset market.
Licensed exchanges can now integrate global order books after obtaining regulatory approval, enabling local investors to access deeper international liquidity pools. "This integration will enable local investors to tap global market liquidity efficiently with better price discovery and more competitive prices," said SFC CEO Julia Leung during Hong Kong Fintech Week.
The policy shift marks a departure from the previous system, where all trades were confined to local funding and settlement. The new approach is expected to reduce trading costs and accelerate transactions for retail and institutional participants alike.
