According to a Feb. 21 announcement after depositing the Hong Kong dollars, users are free to spend them on cryptocurrency.
#Binance Opens Hong Kong Dollar $HKD Fiat Gateway Through Epayhttps://t.co/FyOiG45e3r pic.twitter.com/xRb13Zq2FS — Binance (@binance) February 24, 2020
Deposits are enabled through a partnership between Binance and payment processor Epay. Users can deposit with a swift code, wire transfer, SEPA, Fasapay, PM and other e-currency deposit and withdraw services.
Epay provides HKD fiat deposit service to #Binance , the largest crypto trading platform. Global users can transfer HKD through local bank account. Fast arrival with 0 fees. https://t.co/ZXLGfwmjXi — Epay.com (@EpayGlobal) February 25, 2020
Binance is apparently trying to drive more liquidity into the cryptocurrency market. All these efforts indicate that Binance is trying to attract people to join the cryptocurrency market during this new bull market.