The Asian cryptocurrency market is recovering, and the benefits of Hong Kong's policies are becoming evident.
With the approval of digital asset ETFs in Hong Kong and the launch of compliant exchanges, the activity in the Asian market has noticeably rebounded. Data shows that the trading volume of crypto derivatives on the Hong Kong Stock Exchange increased by 120% month-on-month in May, and the over-the-counter premium for stablecoins reached 0.8%. Behind this trend are: 1) Mainland funds seeking new investment channels; 2) Increased allocation demand from family offices; 3) Expansion of payment scenarios in Southeast Asia. However, regulatory risks still exist, as the Hong Kong Securities and Futures Commission recently halted several suspicious token sales, emphasizing the importance of investor protection.