-
Hong Kong will let local crypto exchanges connect to global order books.
-
The Securities and Futures Commission (SFC) will require written approval first.
-
Move aims to improve liquidity and competitiveness in the region’s crypto sector.
Policy Shift Toward Global Integration
Hong Kong’s Securities and Futures Commission will allow licensed exchanges to share order books with overseas platforms, effectively connecting local markets to global liquidity pools.
Better Price Discovery for Investors
SFC CEO Julia Leung said the move will enhance price discovery and competitiveness, enabling investors to access global pricing and market depth. Exchanges must still obtain written approval from the SFC before enabling the feature.
Relaxed Rules and Market Expansion
The SFC also announced exemptions for approved tokens and stablecoins from the 12-month trading history requirement, easing the listing process for institutional-grade assets.
Balancing Oversight and Innovation
Leung emphasized that overly strict regulations could drive liquidity abroad, while too little oversight could harm trust. The changes reflect Hong Kong’s renewed push to position itself as a leading digital asset hub under the pro-crypto Trump administration.
