According to PANews, the Hong Kong Securities and Futures Commission (SFC) has introduced a new virtual asset roadmap named 'ASPIRe.' Hong Kong Legislative Council member Ng Kit Chuang highlighted that currently, licensed trading platforms in Hong Kong offer only 20 to 30 products, even for professional investors, compared to over a thousand available in the United States. He anticipates a significant increase in the number of products listed on Hong Kong's licensed trading platforms.
Allowing loan transactions is expected to boost the trading volume of virtual assets in Hong Kong. Data indicates that the liquidity of licensed virtual asset trading platforms in Hong Kong is currently insufficient. Even platforms with higher liquidity report daily trading volumes of less than $100 million, which is significantly lower than the $5.9 billion seen on similar platforms in the United States.
