OKX Establishes Local Corporation in Hong Kong for License Application, Focuses on Operational Improvements
OKX, the world’s second-largest cryptocurrency exchange, has released an updated version of its app to enable safe trading of virtual assets in Hong Kong. The exchange, known for its Web3 technology, aims to provide a secure platform for users in the region.
In a recent update, the Hong Kong exchange announced that it has listed several tokens for retail investors, including BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT, and USDC. Users of the app can now easily trade, purchase, and convert between these 16 different cryptocurrencies.
You can acquire tokens using Hong Kong dollars (HKD), peer-to-peer transactions, or through third-party providers like Apple Pay, Visa, or Mastercard.
Also Read This Related: OKX Crypto Exchange Aims to Establish France as Regional Hub, Hiring 100 Staff
Planning Expansion in Hong Kong:
OKX Establishes Local Corporation in Hong Kong for License Application Ahead of New Regulatory Framework Implementation. OKX has been focused on enhancing its operations and controls in the past year to prepare for potential regulatory supervision.
The city aims to become a thriving hub for digital assets, supporting the government’s policy objectives. To prove its ability to meet the strict requirements of certified Virtual Asset Service Providers (VASPs), the company collaborates closely with regulatory bodies. It showcases its security measures, custody solutions, anti-money laundering (AML) processes, and compliance capabilities to ensure adherence to guidelines.
OKX Global’s Chief Commercial Officer, Lennix Lai, emphasized the company’s commitment to prioritizing the safety and convenience of its customers in an interview. Lai also reiterated OKX’s dedication to working closely with authorities during the licensing process under the new Virtual Asset Service Provider (VASP) framework.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
