Key Notes

The SFC plans to allow local crypto platforms to share global order books.

More liquidity will enter the Hong Kong market with this move.

The shift also aligns crypto trading practices with more traditional asset-trading frameworks used in Hong Kong.

Hong Kong’s Securities and Futures Commission hinted at easing restrictions and encouraging cryptocurrency trading with its new plans.

The city’s top market regulator will allow locally licensed virtual-asset trading platforms, also known as VATPs, to share global order books with their overseas affiliates, according to a Bloomberg report on Monday, Nov. 3.

Previously, these platforms had to keep their order books isolated from the global market. For example, trades in Hong Kong could only match with other trades in Hong Kong

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