- BitHK will supply immediate buying and selling and hopes to launch a P2P trade for Hong Kong customers.
- On June 1, the trade will apply to register VASP with the Hong Kong Securities and Futures Fee (SFC).
- One other trade, Huobi HK, additionally affords spot buying and selling to Hong Kong customers and has filed an software from the SFC.
CoinEx, a cryptocurrency trade platform that has been working since 2017, at present launched a brand new cryptocurrency buying and selling platform for Hong Kong customers.
The brand new platform is named BitHK and intends to supply a number of cryptocurrency companies to CoinEx customers in Hong Kong.
Alternate to acquire approval earlier than providing companies in Hong Kong
CoinEx launches BitHK forward of tips not too long ago issued by Hong Kong regulators to permit registered cryptocurrency exchanges to supply cryptocurrency buying and selling companies to retail buyers.
The platform will apply for approval as a digital asset service supplier (VASP), based on a CoinEx announcement on Monday. The trade plans to submit an software to the Securities and Futures Fee (VPK) on June 1.
“We are going to strictly adhere to the Code of Conduct for Cryptocurrency Exchanges not too long ago revealed by the SFC and in 2022. anti-money laundering and terrorist financing invoice (modification). We’re dedicated to offering compliant, truthful {and professional} companies whereas safeguarding our buyers’ belongings. Our aim is to create a protected and safe cryptocurrency buying and selling surroundings for Hong Kong customersCoinEx CEO Haipo Yang stated in an announcement.
BitHK customers can entry dwell buying and selling and crypto custodial companies, whereas CoinEx. says P2P buying and selling and HKD transactions shall be launched quickly.
Huobi additionally declares Huobi HK.
Additionally on Monday, one other cryptocurrency platform, Huobi HK, introduced its cryptocurrency companies for Hong Kong customers. In an announcement on Twitter, the platform stated it should supply cryptocurrency buying and selling companies to each retail and institutional purchasers.
Huobi HK has utilized for a Hong Kong VASP license in 2023. on Might 29, based on info shared on the platform’s Twitter account. This follows Hong Kong’s latest announcement that accredited exchanges shall be allowed to supply cryptocurrency buying and selling to retail buyers, with main cash Bitcoin and Ethereum among the many first.
In associated information, Binance not too long ago introduced that will probably be transferring all of its customers in Japan to a brand new platform known as Binance Japan. The method began on Might 26. and can proceed all through the summer season.
