Hong Kong's 12 Licensed Virtual Asset Platforms Record HK$640B in 2025 Trading Volume, Q1 Surges Nearly 3-Fold

According to SFC Chair Wong Tin Yau's latest speech, Hong Kong's 12 licensed virtual asset trading platforms recorded trading volume exceeding HK$640 billion in 2025, with first-quarter 2026 trading volume up nearly 3-fold year-over-year. Brokers engaged in virtual asset-related services also saw commission income growth exceeding 80% in 2025.

The SFC will optimize its comprehensive regulatory framework for virtual assets covering custody, trading, asset management, and advisory services. Public consultation on the new licensing regime has concluded, and the SFC will finalize legislative proposals with Hong Kong's Finance Bureau, targeting submission of draft legislation to the Legislative Council in 2026.