Hong Kong SAR — OKX, a top-tier cryptocurrency exchange and Web3 innovator, has achieved a remarkable milestone with over 10,000 new user registrations in Hong Kong within just one month of releasing its upgraded app in May 2023. This marks the first exchange to publicly announce such growth since Hong Kong’s Virtual Asset Service Providers (VASP) regulatory framework became effective on 1 June 2023.
Why This Milestone Matters
The rapid adoption highlights OKX’s strategic investments in:
- Regulatory compliance: 18+ months of preparing for Hong Kong’s VASP licensing requirements.
- Security: Institutional-grade safeguards matching traditional financial platforms.
- Product innovation: Localized access to 16 major cryptocurrencies and Web3 tools.
👉 Discover OKX’s secure trading platform
Leadership Insights
Lennix Lai, OKX Global Chief Commercial Officer, shared:
"Hong Kong users are highly discerning about digital asset platforms. Our registration surge reflects trust in OKX’s compliance-first approach. Regulatory adherence isn’t just a requirement—it’s the foundation for sustainable growth in crypto."
What’s Next?
OKX Hong Kong plans to:
- Expand its crypto offerings under local regulations.
- Host community events, including a Manchester City-themed exhibition on 22 July 2023.
- Continue prioritizing user education and transparent trading experiences.
FAQ Section
1. How does OKX ensure compliance in Hong Kong?
OKX established a dedicated Hong Kong entity (OKX Hong Kong) to align with the VASP regime, focusing on licensing, risk controls, and legal adherence.
2. Which cryptocurrencies can Hong Kong users trade?
The enhanced app supports 16 major assets, including BTC, ETH, and stablecoins, with rigorous security protocols.
3. What distinguishes OKX from other exchanges?
OKX combines regulatory compliance, institutional-grade technology, and a user-centric Web3 ecosystem—all tailored for Hong Kong’s market.
👉 Explore OKX’s Web3 solutions today
Disclaimer: This content is for informational purposes only. Digital assets carry risks; ensure they align with your financial goals. Consult a professional for personalized advice.
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