Hong Kong SAR – OKX, a top-tier cryptocurrency exchange and Web3 innovator, has achieved a significant milestone with over 10,000 new user registrations in Hong Kong within one month of debuting its upgraded local app. This marks the first exchange to announce such growth under Hong Kong’s new Virtual Asset Service Providers (VASP) regulatory framework, effective since 1 June 2023.
Strategic Preparation Meets Market Demand
For over 18 months, OKX has prioritized:
- Compliance and Security: Strengthening systems to align with regulatory standards.
- Product Innovation: Enhancing access to Web3 tools and digital assets.
This groundwork enabled OKX Hong Kong to seamlessly adapt to the VASP regime while delivering a user-friendly platform supporting 16 major cryptocurrencies.
Leadership Insights
Lennix Lai, OKX Global Chief Commercial Officer, noted:
"Hong Kong’s sophisticated investors value regulatory adherence as much as innovative offerings. Our rapid user growth reflects trust in OKX’s compliant approach and the market’s appetite for regulated crypto services."
Local Engagement and Future Plans
To commemorate this achievement, OKX Hong Kong will co-host a Manchester City-themed event on 22 July 2023, featuring:
- Exhibits of club memorabilia.
- Talks by football legends Siu Ki Chan and Wai Ho Chan.
- Interactive fan activities.
👉 Join the celebration and learn more about OKX Hong Kong
FAQ Section
Q: What makes OKX Hong Kong’s app unique?
A: The app combines robust security, regulatory compliance, and access to 16 cryptocurrencies tailored for Hong Kong users.
Q: How does OKX ensure regulatory compliance?
A: Through proactive investments in licensing preparation, risk controls, and adherence to VASP requirements.
Q: Are there fees for using OKX Hong Kong’s services?
A: Fee structures are competitive and transparent, detailed on OKX’s official platform.
👉 Explore OKX’s compliant trading platform today
Disclaimer: This content is for informational purposes only. Digital assets carry risks; ensure they align with your financial goals before trading. Consult a professional for personalized advice.
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