OKX Scoops 10,000 Users After HK Legalized Crypto
Following the introduction of Hong Kong’s new virtual asset service providers (VASPs) regime, numerous corporations have decided to enter the local market in order to capitalise on its potential. OKX was one of them, launching a mobile app targeting at users in China’s special administrative area. Since unveiling its improved app a month ago, the crypto exchange has announced over 10,000 new Hong Kong user registrations.
OKX has spent the last 18 months investing in talent acquisition and infrastructure in preparation for their licence application under Hong Kong’s VASPs regime. This significant rush of new customers demonstrates that the retail cryptocurrency industry has enormous potential, which has been opened by favourable legislative changes. Hong Kong openly admits that it wants to become a new hub for digital assets.
OKX Hong Kong will open in March 2023 with the intention of obtaining a VASP licence and running a virtual asset trading platform in the city. At the moment, the improved OKX app allows Hong Kong residents to purchase, sell, and hold 16 key digital assets.
(With inputs from Shikha Singh)
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