Hong Kong SFC Allows Licensed Crypto Platforms to Access Global Liquidity Pools

Hong Kong's Securities and Futures Commission announced on November 3, 2025, that licensed virtual asset trading platforms can connect local clients to global liquidity pools. The regulatory change removes the previous requirement for platforms to maintain separate Hong Kong-only order books. SFC CEO Julia Leung said the move aims to strengthen the city's cryptocurrency trading ecosystem and enhance competitiveness with Singapore and the United States.