New Rule Could Bring Binance-Level Liquidity to Hong Kong

Hong Kong’s market regulator said licensed virtual-asset trading platforms will be allowed to connect to global capital pools, designed to deepen liquidity and lure international exchanges.

The policy shift comes as the city expands its licensing regime and seeks to convert regulatory progress into higher trading volumes and broader market participation.

Hong Kong’s Securities and Futures Commission announced plans to let licensed crypto platforms link with overseas liquidity providers. This effectively allows local platforms to mix domestic and international capital.

The change—announced at industry events and underpinned by an upcoming circular from the regulator—aims to unclog a market that has remained relatively insular despite licensing progress. The SFC now publishes a list of licensed virtual-asset trading platforms, reflecting the regulator’s steady approvals this year.

Mario Nawfal, a prominent crypto commentator on X, said, “Hong Kong is finally telling the crypto world, ‘Come play.’” His comment highlights hopes that the policy will attract major exchanges.