New Rule Could Bring Binance-Level Liquidity to Hong Kong

Hong Kong's Securities and Futures Commission (SFC) announced plans to permit licensed virtual-asset trading platforms (VATPs) to connect with overseas liquidity providers, effectively allowing them to integrate domestic and international capital pools. This policy shift aims to increase trading volumes and market participation in the city's crypto market, which has remained relatively insular despite recent licensing progress. Allowing connections to global order books could deepen market depth, narrow spreads for major tokens, and attract institutional counterparties. While expanded connectivity requires adherence to ongoing compliance, KYC, AML, and investor protection standards, market participants believe this move signals the next phase of integration with international capital, potentially shifting crypto trading across Asia if Hong Kong successfully balances openness with strong oversight to solidify its position as a digital-asset hub.

(Source：BeInCrypto)