Crypto Exchanges Are Flocking To Hong Kong
Hong Kong’s renewed embrace of cryptocurrency has sparked a frenzy among exchanges, with many now vying for potential opportunities presented by the city-state.
Here are a few companies that have expressed an interest in participating in Hong Kong’s dynamic market:
Huobi recently announced plans to launch a trading platform in Hong Kong on May 26. They’re all gearing up to offer crypto trading services to users, including BTC and ETH, in the near future.
The company’s goal is to enter the market in a legal and regulated manner, which will aid in the development of Hong Kong’s Web3 ecosystem.
Gate Group, the company behind the exchange Gate.io, is also on board. On May 23, it launched Gate.HK, a platform for registration and trading.
Gate.HK, like Huobi, is in the process of obtaining a licence from Hong Kong’s Securities and Futures Commission (SFC). Amber Group, a Singapore-based crypto-focused financial services provider, is also reportedly considering a move to Hong Kong.
OKX and BitMEX are also participating; the former already serves local traders through its exchange app, while BitMEX’s platform will be available to Hong Kong users on May 29th.
(With inputs from Shikha Singh)
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