OKX, the worldโs second- largest digitalย currency exchange by volumeย ofย trading and a leading Webย 3.0 technology company, has released an upgraded version of its app, enabling Hong Kong users toย participate in safe and secure spot trading of virtual assets.
Listed Cryptoย Tokens For Trade
The exchange announced today that the listed cryptoย tokens for retail investors in Hong Kong are BTC, Ethereumย (ETH), ADA, MATIC, SOL, Polkadotย (DOT), UNI, LINK, SAND, LTC, Avalancheย (AVAX), AXS, ATOM, XLM, USDT and USDC. The users can buy, sell and transform 16 major virtual assets through the app, including BTC, Ethereumย (ETH) and plentyย of others.
Cryptoย Tokens can be purchased with HKD, peer-to-peer (P2P) or via ApplePay, Visa and Mastercard through thirdย 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 Kongโs new regulatory regime for VASPs, establishing a local entity for its license application, which will be submitted ahead of the regulatory frameworkโs implementation on June 1, 2023. Inย theย previous year, OKX has enhanced its operations and controls to meet anticipated regulatory requirements.
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 governmentโs 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 companyโs commitment to supplying a secure and user-friendly cryptocurrency trading experience for its users. Lai likewise expressed OKXโs dedication to working closely with the regulatoryย authorities during the licensing process under the new VASP regime.
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