Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In a significant move toward broader digital asset accessibility, OKX, a renowned cryptocurrency exchange, has announced a roster of 16 major cryptocurrencies now available to its retail users in Hong Kong.
The list comprises a diverse range of tokens, including Bitcoin, Ethereum, Cardano, Polygon, Solana, Polkadot, Uniswap, Chainlink, The Sandbox, Litecoin, Avalanche, Axie Infinity, Cosmos, Stellar Lumens, Tether and USD Coin.
OKX exchange announced today that the listed tokens for retail investors in Hong Kong are BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT and USDC. Hong Kong users can buy, sell and convert 16 major virtual assets through the app, including BTC,… https://t.co/phlpxzIhHl
— Wu Blockchain (@WuBlockchain) May 25, 2023Crypto Market Prediction: Worst Bitcoin (BTC) Candle in History? Will XRP Reach $1 Hard Reset? Ethereum Hiding Enormous Bullish Potential'Rich Dad Poor Dad' Author Sells His BTC Holdings After Predicting $250K per CoinBitcoin on the Verge of 30% Collapse Against Gold, Shiba Inu (SHIB) Burn Rate Jumps 23,864%, XRP Price Drops Below $2 Despite ETF Launch — Crypto News DigestHayes: Bitcoin Bottom Is Near, But There's a Catch
Users in Hong Kong can now directly purchase, sell or convert these digital assets via the OKX platform. This includes transactions made with the Hong Kong dollar (HKD), through peer-to-peer (P2P) trading, or by using popular payment options such as ApplePay, Visa or Mastercard via third-party providers.
This new selection of tokens adheres to Hong Kong's regulatory requirements, which stipulate that cryptocurrencies offered to retail investors must be included in one of the two major indexes launched by traditional financial institutions and have been in circulation for at least 12 months. This alignment with the local regulatory framework allows OKX to solidify its presence in Hong Kong, ensuring a compliant and secure environment for users.
Interestingly, Bitcoin Cash (BCH), one of the tokens included in the conventional entrance index, did not make the cut on OKX's Hong Kong listings. The inclusion of Axie Infinity (AXS) and The Sandbox (SAND), however, surprised many industry observers. This unexpected move could likely be attributed to the government support that Animoca, a key player in the non-fungible token (NFT) and gaming space, receives in Hong Kong.
As the digital asset landscape evolves, so too do regulatory frameworks, and cryptocurrency exchanges like OKX are continually adapting to meet these standards. The introduction of these 16 tokens in the Hong Kong market not only aligns with local compliance measures but also underscores OKX's commitment to facilitating greater digital asset accessibility.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team