Opinion: Quasi-loan transactions will drive Hong Kong to increase virtual asset trading volume

PANews reported on February 20 that according to a report by Hong Kong media Dongwang, the Hong Kong Securities and Futures Commission released a newly formulated "ASPIRe" virtual asset roadmap. Hong Kong Legislative Council member Wu Jiezhuang said that at present, some licensed trading platforms in Hong Kong only have 20 to 30 products even for professional investors, while in the United States there are more than a thousand products. It is believed that a large number of related products will be listed on licensed trading platforms in Hong Kong. Allowing loan transactions will help increase the trading volume of virtual assets in Hong Kong.

Data shows that the liquidity of Hong Kong’s licensed virtual asset trading platforms is currently insufficient. Even for platforms with higher liquidity, the daily trading volume is less than US$100 million, which is too low compared to the US$5.9 billion scale of similar platforms in the United States.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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