OKX Traders in Hong Kong – Popular cryptocurrency exchange OKX has listed Bitcoin (BTC), Sandbox (SAND), Cardano (ADA), and others to be available to retail traders in Hong Kong.
Individual investors in the country will now finally be able to trade the listed digital assets directly on the OKX platform. The list is made up of 16 different tokens. It includes Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Solana (SOL), Polkadot (DOT), Uniswap (UNI), Chainlink (LINK), Sandbox (SAND), Litecoin (LTC), Avalanche (AVAX), Axie Infinity (AXS), Cosmos (ATOM), Stellar (XLM), USDT, and USDC.
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, 2023
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The list cut across a diverse range of tokens, including NFTS. Hong Kong users can now directly buy, sell, and trade the mentioned cryptocurrencies from the exchange.
Transactions can be made the Hong Kong dollars (HKD), as well as through P2P (peer-to-peer) trading. Also, popular payment methods such as ApplePay, Visa, or Master cards can also be used through third-party providers.
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Hong Kong’s regulatory criteria, which state that cryptocurrencies provided to individual investors must be included in one of the two major indexes created by traditional financial institutions and have been in circulation for at least a year are met by this new collection of tokens. By aligning with the local regulatory framework, OKX can firmly establish its position in Hong Kong and provide users with a secure and compliant environment.
Some surprising listings
The addition of Axie Infinity (AXS) and Sandbox (SAND) NFTs came as a surprise to the industry. The unexpected inclusion could probably be because of the government support received by Animoca in Hong Kong. For context, Animoca is an NFT and blockchain gaming company in Hong Kong.
However, it is also surprising that Bitcoin Cash (BCH) was omitted from the list, given the fact that it is one of the tokens included in the conventional entrance index.
The regulatory framework surrounding cryptocurrencies continues to develop and as such, crypto firms are continually striving to meet these standards. The launch of these 16 tokens in the Hong Kong market demonstrates OKX’s commitment to providing broader accessibility to digital assets as well as its alignment with regional compliance standards.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.