OKX, a prominent cryptocurrency exchange, recently announced that its retail customers in Hong Kong may now trade 16 of the most popular cryptocurrencies on the market.
This includes dealings in Hong Kong dollars (HKD), P2P trading, and the use of third-party suppliers for convenient payment methods including Apple Pay, Visa, and Mastercard.
Tokens given to retail investors in this new offering have been selected in accordance with regulations in Hong Kong, which require cryptocurrencies sold to retail investors to be included in one of the two main indexes published by conventional financial institutions and to have been in circulation for at least 12 months. OKX can now establish a firm foothold in Hong Kong thanks to its conformity with the local regulatory framework, giving consumers peace of mind that their data is safe and secure.
Among the tokens that make up the traditional entry index is Bitcoin Cash (BCH), although BCH was omitted from OKX’s Hong Kong listings. Many in the business world were taken aback by the inclusion of Axie Infinity (AXS) and The Sandbox (SAND). This sudden shift is likely due to the backing Animoca, a major participant in the non-fungible token (NFT) and gaming market, gets from the Hong Kong government.
OKX and other cryptocurrency exchanges are always adjusting to fulfil the criteria established by regulators as the digital asset ecosystem develops. OKX’s decision to list these 16 tokens on the Hong Kong market demonstrates their dedication to expanding access to digital assets and their harmony with local regulatory procedures.
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