OKX Listing 16 Popular Tokens After Hong Kong Backs Crypto Trading

Key Points:

• OKX announced that the tokens listed 16 tokens are popular with retail investors in Hong Kong.
• The exchange promises to cooperate with Hong Kong Virtual Asset Service Provider (VASP) regulations.
• The action comes after Hong Kong announced that retail investors could trade cryptocurrencies under new rules for the digital asset industry.

Enlisting the backing of the Hong Kong regulator, crypto exchange OKX has listed a slew of popular tokens for retail investors.

According to official news, Ouyi OKX has completed the APP upgrade, providing spot virtual asset trading service for Hong Kong users, supporting Hong Kong users to buy, sell and hold 16 major types of virtual assets systems 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 significant virtual assets through the app, including BTC, ETH, and others. Tokens can be purchased using HKD, peer-to-peer (P2P), or via ApplePay, Visa, and Mastercard through third-party vendors.

Besides, this cryptocurrency exchange also pledged to cooperate with the regulations of the Virtual Asset Service Provider (VASP) of Hong Kong.

“We will continue to work with Hong Kong regulators to promote licensing applications under the new VASP regime and actively support the targets government policy, investing resources to help Hong Kong develop into a virtual asset of prosperity.”

Lennix Lai, OKX’s Chief Commercial Officer, said.

Earlier, Hong Kong announced that retail investors could trade cryptocurrencies under new rules for the digital asset industry to accelerate plans to develop a new crypto hub.

SFC Hong Kong has issued an advisory conclusion on regulating virtual asset trading platforms. Accordingly, non-security tokens are required to have 12 months of no bad records; stablecoins are currently not allowed to be purchased by retail investors and need to wait for a new policy.

The agency also announced that EARN and lending services are prohibited, promotional activities related to specific cryptocurrencies are not allowed, proprietary trading is prohibited, and platforms are prohibited from holding crypto assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News