To operate a compliant market in the cryptocurrency space, two conditions must be met: the market must be large enough, and the regulation must be lenient. The United States and South Korea meet these conditions the best, which is why platforms like Coinbase, Kraken, and Upbit are thriving.
Currently, Hong Kong has a market that is too small and overly strict regulations, making any compliant business in Hong Kong lose money in the short term. Therefore, it is more suitable for major investors to position themselves in advance; today, Ant Group has arrived. Everyone is looking forward to the future opening of the mainland Chinese market and the relaxation of regulations.