CoinEx, a popular crypto exchange platform, recently announced the launch of BitHK, a new crypto trading platform for users in Hong Kong. The platform is set to offer several crypto services for CoinEx users based in Hong Kong, including spot trading, crypto storage services, P2P trading, and HKD transactions.
BitHK’s launch comes ahead of the effective date of the guidelines announced recently by Hong Kong regulators, which are set to allow registered cryptocurrency exchanges to offer crypto trading services to retail investors. CoinEx plans to submit an application for approval as a Virtual Asset Service Provider (VASP) to the Securities and Futures Commission (SFC) on June 1.
CoinEx’s CEO, Haipo Yang, stated that the platform is committed to delivering compliant, fair, and professional services while safeguarding investors’ assets. The company aims to establish a secure and reliable crypto trading environment for Hong Kong users. BitHK users will have access to various crypto services, and CoinEx is planning to introduce P2P trading and HKD transactions in the future.
However, CoinEx is not the only crypto exchange to offer crypto trading services to Hong Kong users. Another crypto platform, Huobi HK, recently announced its crypto service offerings to Hong Kong users. The platform plans to offer crypto spot trading services to both retail and institutional clients. Huobi HK also applied for Hong Kong’s VASP license on May 29, 2023.
In related news, Binance also recently announced its plans to transition all of its users in Japan to a new platform called Binance Japan. The transition process began on May 26 and will continue through the summer.
It is clear that the crypto industry is growing rapidly, and many companies are eager to offer crypto trading and storage services to users worldwide. With the new guidelines announced by Hong Kong regulators, we can expect more crypto exchanges to launch services to Hong Kong users. It is crucial for crypto platforms to remain compliant with regulations and ensure the safety and security of their users’ assets.