On May 25, 2023, OKX, the worlds second largest digital currency exchange by trading volume and a leading Web3 technology company, completed the APP upgrade to provide Hong Kong users with safe and reliable virtual asset spot trading services, and cooperate with Hong Kong virtual asset services to provide regulated by the VASP.
Ouyi OKX APP currently supports Hong Kong users to buy, sell and hold 16 mainstream cryptocurrencies, while adhering to the high standards of platform security, trading technology and risk control measures of Hong Kongs traditional financial exchanges.
AnnounceAnnounceIncorporate a Hong Kong company and will apply for a VASP license under Hong Kongs new regulatory regime effective June 1, 2023. In order to meet the relevant regulatory requirements, Ouyi OKX has been committed to improving the companys operation and monitoring level over the past year. At the same time, it has worked closely with Hong Kong regulators to demonstrate Ouyi OKXs capabilities in security, asset custody, anti-money laundering and compliance All can meet the strict regulatory standards of VASP.
certificate of reservecertificate of reserveOne of the major cryptocurrency exchanges that publishes monthly digital currency holdings. The latest upgrade of its reserve certificate adopts zk-STARK zero-knowledge scalable transparent knowledge argumentation, users can independently verify the solvency of the exchange, and confirm that their assets are backed by Ouyi OKX reserves. According to Ouyi OKXs April Reserve Proof Report, Ouyi OKX holds a total of $10.4 billion worth of Bitcoin, Ethereum and USDT.
Lennix Lai, Global Chief Commercial Officer of Ouyi OKX, said: We believe that every Hong Kong user has the right to use a reliable and easy-to-use application to explore the world of digital currency. Ouyi OKX has always been committed to providing users with the most secure and simple and direct The cryptocurrency trading experience is also in line with the latest regulations of the Hong Kong SAR government on VASP. We will continue to cooperate with Hong Kong regulators to promote license applications under the new VASP system, actively support government policy goals, and invest resources to help Hong Kong develop into a A thriving virtual asset hub.”
Hong Kong users can buy, sell and exchange 16 mainstream digital assets on the OKX App, including Bitcoin (BTC), Ethereum (ETH), etc. Users can use Hong Kong dollars, peer-to-peer (P2P) or through third-party providers such as Apple Pay (ApplePay), Visa and MasterCard to conduct transactions. Ouyi OKX will launch more functions in the next few months in accordance with the guidelines of the Hong Kong Securities and Futures Commission to provide users with a richer and more diversified digital currency trading experience.
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About OKX
Ouyi OKX is the worlds second largest cryptocurrency exchange in terms of trading volume, and it is also the industrys leading Web3 ecosystem. Ouyi OKX has developed a cryptocurrency trading App with both speed and reliability, so it is favored by global investors and professional traders.
As Premier League champions Manchester City FC, McLaren F1 Team, golfer Ian Poulter, Olympian Scotty James and F1 driver Daniel Ricciardo (Daniel Ricciardo) lead partner, OKX aims to enhance the fan experience by providing new engagement opportunities. OKX is also the chief partner of the Tribeca Film Festival, hoping to lead more creators into the Web3 world.
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Official website:http://okx.com/
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This announcement is for informational purposes only. This article is not intended to provide any investment, tax or legal advice, nor should it be considered an offer to buy, sell or hold digital assets. Holding digital assets, including stablecoins, is risky and may be highly volatile, and you may even lose the entire value of your assets. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. If you have any questions about your specific situation, please consult your legal/tax/investment professional.
