Hong Kongs Second Largest Crypto Exchange Launches Spot Trading for Virtual Assets #cryptocurrency #HongKong #trading

Hong Kongs Second Largest Crypto Exchange Launches Spot Trading for Virtual Assets #cryptocurrency #HongKong #trading

OKX releases upgraded app for safe and secure spot trading of virtual assets in Hong Kong, with listed tokens including BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT, and USDC, and the ability to purchase tokens with HKD, P2P, or via ApplePay, Visa and Mastercard through third-party providers.

OKX, the world’s second- largest digital currency exchange by volume of trading and a leading Web 3.0 technology company, has released an upgraded version of its app, enabling Hong Kong users to participate in safe and secure spot trading of virtual assets.

Listed Crypto Tokens For Trade

The exchange announced today that the listed crypto tokens for retail investors in Hong Kong are BTC, Ethereum (ETH), ADA, MATIC, SOL, Polkadot (DOT), UNI, LINK, SAND, LTC, Avalanche (AVAX), AXS, ATOM, XLM, USDT and USDC. The users can buy, sell and transform 16 major virtual assets through the app, including BTC, Ethereum (ETH) and plenty of others.

Crypto Tokens can be purchased with HKD, peer-to-peer (P2P) or via ApplePay, Visa and Mastercard through third party providers. They stated in press release:

spot trading of virtual assets to Hong Kong users in accordance with the requirements for virtual investment service providers (VASPs) in the city.

OKX has been preparing for Hong Kong’s new regulatory regime for VASPs, establishing a local entity for its license application, which will be submitted ahead of the regulatory framework’s implementation on June 1, 2023. In the previous year, OKX has enhanced its operations and controls to meet anticipated regulatory requirements.

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Read More About Expansion in Hong Kong..

Hong Kong- The Cryptocurrency Hub

The city aspires to become a thriving hub for digital assets in support of the government’s policy objectives.

The company actively collaborates with Government authorities to showcase its security measures, custody solutions, anti-money laundering (AML) protocols, and compliance capabilities, aiming to meet the stringent standards expected of licensed VASPs.

Lennix Lai, OKX Worldwide Chief Commercial Officer, emphasized the company’s commitment to supplying a secure and user-friendly cryptocurrency trading experience for its users. Lai likewise expressed OKX’s dedication to working closely with the regulatory authorities during the licensing process under the new VASP regime.

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