OKX, the world’s second-largest crypto exchange, has announced the availability of listed tokens for retail investors in Hong Kong. The exchange now allows Hong Kong users to buy, sell, and convert 16 major virtual assets through their app.
The listed tokens include popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Solana (SOL), Polkadot (DOT), Uniswap (UNI), Chainlink (LINK), The Sandbox (SAND), Litecoin (LTC), Avalanche (AVAX), Axie Infinity (AXS), Cosmos (ATOM), Stellar (XLM), and stablecoins USDT and USDC.
The OKX app provides multiple options for purchasing tokens. Users can buy them with Hong Kong dollars (HKD), engage in peer-to-peer (P2P) transactions, or use ApplePay, Visa, and Mastercard through third-party providers.
To meet the requirements set by Hong Kong’s regulatory framework, tokens listed on OKX must meet the criteria of the two cryptocurrency indexes launched by traditional financial institutions and have existed for at least 12 months.
Interestingly, BCH (Bitcoin Cash) is the only token included in the traditional entry index but is not listed on OKX HK. AXS (Axie Infinity) and SAND (The Sandbox) have gained attention within the industry, possibly due to the government support that Animoca, the parent company of these projects, receives in Hong Kong.
OKX Aims To Support Hong Kong’s Crypto Policy Goals
OKX has made significant efforts to ensure the security and compliance of its app. The company stands out among major crypto exchanges by publishing its monthly Proof of Reserves, which showcases its crypto holdings.
Furthermore, the company is actively collaborating with Hong Kong authorities to demonstrate its security, custody, anti-money laundering (AML), and compliance capabilities.
Lennix Lai, OKX Global Chief Commercial Officer, emphasized the commitment of the exchange to provide a secure and user-friendly crypto trading experience for everyone in Hong Kong.
We will continue to collaborate with Hong Kong regulators in the process of our licensing efforts under the new VASP regime and invest in making this city a resurgent digital assets hub in support of the government’s policy goals.
In the future, the exchange plans to release additional features to enhance further and diversify the user experience, following guidance from the Hong Kong Securities & Futures Commission.
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