Hong Kong’s top financial regulator will allow local crypto trading platforms to connect with global liquidity through shared order books, as the city pushes to become a crypto hub.
The Hong Kong Securities and Futures Commission (SFC) released two circulars on Monday aimed at enhancing liquidity and expanding product offerings for local crypto exchanges.
SFC-licensed crypto exchanges in Hong Kong will be able to share a global order book with their overseas trading platforms, according to the circular. However, local crypto platforms intending to do so must first obtain prior written approval from the SFC.
“[This] integration will enable local investors to tap global market liquidity efficiently with better price discovery and more competitive prices,” said SFC Chief Executive Officer Julia Leung in a Hong Kong Fintech Week speech synopsis published by the agency.
That represents a shift from the region’s current model, where orders are pre-funded and settled within its borders.
A separate circular from the SFC on Monday exempted tokens and stablecoins licensed by the Hong Kong Monetary Authority from the mandatory 12-month trading history required for offering to professional investors.
Reevaluating rules
These relaxations came as Hong Kong continues to evaluate its regulations amid intensifying global competition especially after pro-crypto U.S. President Donald Trump took office in January. The region has embraced the crypto industry with licensing frameworks in place for crypto exchanges and stablecoin issuers.
The SFC said Leung “examined the city’s upcoming initiatives” aimed at “building a trusted, globally competitive and sustainable ecosystem.”
“[Overly] strict requirements risk driving liquidity and talents to lighter-touch jurisdictions, but too little oversight could undermine trust and stability,” Leung said in the speech synopsis.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
