Home Blockchain CoinEx announces BitHK crypto platform for Hong Kong users

CoinEx announces BitHK crypto platform for Hong Kong users

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  • BitHK will offer spot trading and will launch a P2P exchange for Hong Kong users.
  • The exchange plans to submit an application for registration as a VASP with the Hong Kong Securities and Futures Commission (SFC) on June 1.
  • Another exchange, Huobi HK, also offers spot trading to Hong Kong users and has submitted an application to the SFC.

CoinEx, a cryptocurrency trading platform that has been in operation since 2017, today launched a new cryptocurrency trading platform for users in Hong Kong.

The new platform will be called BitHK and will roll out several crypto services for CoinEx users in Hong Kong.

Exchange Seeks Approval Before Offering Services in Hong Kong

CoinEx’s BitHK launch comes ahead of the effective date of guidelines recently announced by the Hong Kong regulator to allow registered cryptocurrency exchanges to offer cryptocurrency trading services to retail investors. .

According to a press release issued by CoinEx on Monday, the platform plans to submit an application for approval as a virtual asset service provider (VASP). The exchange plans to file an application with the Securities and Futures Commission (SFC) on June 1.

We strictly adhere to the Code of Conduct for Cryptocurrency Exchanges and the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 recently announced by the SFC. We are committed to providing a compliant, fair and professional service while protecting the safety of our investors. assets. Our goal is to establish a safe and trustworthy cryptocurrency trading environment for Hong Kong users.said Haipo Yang, CEO of CoinEx. statement.

BitHK users have access to spot trading and crypto storage services, while CoinEx To tell We plan to introduce P2P trading and HKD trading soon.

Huobi also announced Huobi HK

On Monday, another crypto platform Huobi HK also announced crypto services for Hong Kong users. In a tweeted statement, the platform said it would offer cryptocurrency spot trading services to both individual and institutional clients.

Huobi HK applied for a Hong Kong VASP license on May 29, 2023, according to details shared on the platform’s Twitter account. This follows Hong Kong’s recent announcement to allow approved exchanges to offer cryptocurrency trading to retail investors, with major currencies Bitcoin and Ethereum being the first to be allowed. .

In related news, Binance recently announced that it would be migrating all its Japanese users to a new platform called Binance Japan. The process will begin on May 26th and continue through the summer.

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