Three exchanges have opened trading in a limited number of cryptocurrencies in Hong Kong
Three leading cryptocurrency exchanges have opened trading in a limited number of cryptocurrencies for Hong Kong customers
Huobi, OKX, and Gate have given customers from the region access to trade Bitcoin, Ethereum, and several other digital assets
Three leading cryptocurrency exchanges - Huobi, OKX, and Gate.io - have opened trading in a limited number of digital assets to Hong Kong customers. All of these platforms had previously applied for a cryptocurrency license in the region.
The Huobi platform announced on May 26 that four cryptocurrencies are now available for trading for Hong Kong users: bitcoin, Ethereum (ETH), Tron (TRX), and Huobi (HT).
Gate Group (Gate.io) launched its digital trading platform Gate.HK on May 23. It offers spot trading in Bitcoin, Ethereum, Litecoin (LTC), Bitcoin Cash (BCH), Polkadot (DOT), Polygon (MATIC), Solana (SOL), and Uniswap (UNI). In the future, the platform will introduce other services adapted to Hong Kong regulatory requirements.
The OKX exchange has also added the ability to trade for Hong Kong customers to its app. They have access to 16 cryptocurrencies: bitcoin, Ethereum, Cardano (ADA), Polygon (MATIC), Solana (SOL), Polkadot (DOT), Uniswap (UNI), Chainlink (LINK), The Sandbox (SAND), Litecoin (LTC), Avalanche (AVAX), Axie Infinity (AXS), Cosmos Hub (ATOM), Stellar (XLM), Tether (USDT) and USD Coin (USDC).
Cryptocurrencies on OKX can be purchased by Hong Kong customers for Hong Kong dollars on the P2P service, via ApplePay or by Visa and Mastercard from third-party providers.
Hong Kong introduces a new crypto-regulation regime on June 1, and many cryptocurrency platforms view the region as one of the most promising for digital-asset-related businesses.
The European Union also adopted Markets in Crypto-Assets (MiCA) regulations for digital assets in mid-May. The clear rules being introduced by the EU are attracting many industry participants.
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