Hong Kong Expands Crypto Liquidity Through Global Partnerships
Hong Kong is accelerating its push to become a digital asset hub by permitting licensed cryptocurrency exchanges to integrate order books with global platforms. The Securities and Futures Commission (SFC) greenlit the measure to deepen market liquidity and sharpen the city's competitive edge. Direct access to international trading pools aims to reduce fragmentation and improve price discovery for local investors.
The SFC's framework prioritizes infrastructure resilience, with blockchain-based settlement cited as a key upgrade. Current reliance on domestic prefunded accounts often strains liquidity; cross-border connectivity could alleviate this friction. Regulatory approval remains mandatory for exchanges seeking global linkages.