• BitHK will provide spot buying and selling and can launch a P2P change for Hong Kong customers.
• The change plans to submit an utility for registration as a VASP with the Hong Kong Securities and Futures Fee (SFC) on June 1.
• One other change, Huobi HK, additionally affords spot buying and selling to Hong Kong customers and has submitted an utility to the SFC.

CoinEx, a cryptocurrency buying and selling platform that has been in operation since 2017, right this moment launched a brand new cryptocurrency buying and selling platform for customers in Hong Kong.

The brand new platform will likely be known as BitHK and can roll out a number of crypto providers for CoinEx customers in Hong Kong.

Trade Seeks Approval Earlier than Providing Companies in Hong Kong

CoinEx’s BitHK launch comes forward of the efficient date of tips just lately introduced by the Hong Kong regulator, set to permit registered cryptocurrency exchanges to supply cryptocurrency buying and selling providers to retail traders. rice area.

In line with a press launch issued by CoinEx on Monday, the platform plans to submit an utility for approval as a digital asset service supplier (VASP). The change plans to file an utility with the Securities and Futures Fee (SFC) on June 1.

“We strictly adhere to the Code of Conduct for Cryptocurrency Exchanges and the Anti-Cash Laundering and Countering the Financing of Terrorism (Modification) Invoice 2022 just lately introduced by the SFC. We’re dedicated to offering a compliant, truthful {and professional} service whereas defending the security of our traders. belongings. Our objective is to ascertain a protected and dependable cryptocurrency buying and selling atmosphere for Hong Kong customers.CoinEx CEO Haipo Yang stated in an announcement.

BitHK customers have entry to identify buying and selling and crypto storage providers, whereas CoinEx To inform We plan to introduce P2P buying and selling and HKD buying and selling quickly.

Huobi additionally introduced Huobi HK

On Monday, one other crypto platform Huobi HK additionally introduced crypto providers for Hong Kong customers. In a tweeted assertion, the platform stated it could provide cryptocurrency spot buying and selling providers to each particular person and institutional purchasers.

Huobi HK utilized for a Hong Kong VASP license on Might 29, 2023, in response to particulars shared on the platform’s Twitter account. This follows Hong Kong’s latest announcement to permit accepted exchanges to supply cryptocurrency buying and selling to retail traders, with main currencies Bitcoin and Ethereum being the primary to be allowed. Turn into.

In associated information, Binance just lately introduced that it could be migrating all its Japanese customers to a brand new platform known as Binance Japan. The method will start on Might twenty sixth and proceed by the summer season.