Hong Kong has announced a major policy shift, enabling licensed crypto exchanges to connect with global order books. This move is expected to significantly boost market liquidity and attract substantial institutional investment into the crypto sector. As of November 3, 2025, these exchanges can now share their order books internationally, aligning Hong Kong’s regulations with international standards. This policy change has been spearheaded by figures like Ashley Alder and Julia Leung, who aim to integrate Hong Kong’s digital asset market with global counterparts, further cementing its position as a leading hub for digital assets. Analysts predict an influx of trading volumes on Bitcoin and Ethereum, as well as increased capital inflow due to the improved market environment.