OKX, the second largest cryptocurrency exchange in terms of trading volume and users, has already secured its presence in the Hong Kong market.
Last Thursday, the exchange announced that it has registered 16 digital assets, for retail investors in Hong Kong that comply with the new requirements of the Securities and Futures Commission (SFC).
“The OKX app, which allows Hong Kong users to buy, sell and hold 16 major cryptocurrencies, adheres to the high standards applied to traditional Hong Kong exchanges in terms of security, trading technology and risk controls,” said the OKX team.
What are the 16 cryptocurrencies
The sixteen digital assets are large-cap cryptocurrencies:
- Bitcoin (BTC),
- Ethereum (ETH),
- Cardano (ADA),
- Polygon (MATIC),
- Solana (SOL),
- Polkadot (DOT),
- Uniswap (UNI),
- Chainlink (LINK),
- Sandbox (SAND),
- Litecoin (LTC),
- Avalanche (AVAX),
- Axie Infinity (AXS),
- Stellar (XLM),
- Dogecoin (DOGE)
- Tether (USDT) and
- USD Coin (USDC).
Hong Kong retail investors can buy, sell and convert the 16 digital assets on OKX with Hong Kong dollars (HKD), peer-to-peer (P2P) or using ApplePay, Visa, Mastercard and other providers.
OKX will cooperate with Hong Kong regulators
Earlier this year, OKX announced that it had established an entity in Hong Kong to seek to be licensed under the city’s new regulatory regime, for Digital Asset Service Providers (VASPs), which comes into effect on June 1.
OKX’s Global Chief Commercial Officer, Lennix Lai, said the exchange looks forward to working with Hong Kong regulators every step of the way.
Lai said:
“We are committed to providing users with the most secure and intuitive cryptocurrency trading experience in line with the latest requirements of the Hong Kong government. We will continue to work with Hong Kong regulators in our licensing efforts under the new VASP regime and invest in making this city a vibrant hub of digital assets in support of the government’s policy objectives.”
OKX’s Global Chief Commercial Officer, Lennix Lai
READ NEXT
Previous Articles:
- JPMorgan Chase Aims to Revolutionize Finance with IndexGPT: AI-Powered Investment Advice Tool
- SEC’s Attempt to Seal Internal Discussions Rejected: Ripple Community Scores Victory in Legal Battle
- 4 AI-Related Cryptocurrencies Merge with Blockchain, Offering Potential Amidst Uncertainty
- Cryptocurrency Analyst Pentoshi Predicts Crypto Gaming Sector to Thrive in Next Bull Run
- Terra Classic (LUNC) Initiates Successful Network Upgrade, Burning 59 Billion Coins in First Few Days
