OKX partners with Pulsar to enhance market liquidity for Hong Kong users
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OKX partners with Pulsar to enhance market liquidity for Hong Kong users
On July 7, OKX partnered with algorithmic trading firm Pulsar to enhance market liquidity for Hong Kong users.
Navigating Web3 tides with focused insightsOn July 7, 2023, OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, partnered with algorithmic trading firm Pulsar to enhance market liquidity for its Hong Kong users. Committed to aligning with global best practices in traditional finance and meeting Hong Kong’s Virtual Asset Service Provider (VASP) regulatory requirements, OKX continues to standardize its digital asset platform by integrating services from top-tier liquidity providers.
Through this collaboration, Pulsar becomes OKX’s designated liquidity provider in Hong Kong, improving market efficiency on the OKX platform by offering more competitive pricing and significantly boosting order book depth. Founded in 2014, Pulsar holds substantial influence across global markets and maintains partnerships with over 60 exchanges, covering more than 600 trading pairs.
Lennix Lai, Chief Commercial Officer at OKX, said: "By leveraging Pulsar’s expertise and experience in market making and liquidity provision, we are able to offer users tighter bid-ask spreads and more competitive pricing, further enhancing the stability of the OKX trading platform. This partnership also helps align our digital asset platform with industry-wide and traditional financial sector best practices in ensuring market liquidity and fairness. Looking ahead, we will continue to improve the efficiency of the OKX platform and deliver secure, compliant trading experiences for our users."
Jacky Chung, CEO of Pulsar, said: "We are honored to collaborate with OKX, a leading exchange that shares our vision of delivering competitive pricing and seamless, flexible trading experiences. We look forward to accelerating the future development and adoption of digital assets in Hong Kong through our partnership with OKX."
In March, OKX announced the establishment of its Hong Kong entity and applied for a VASP license under Hong Kong’s new regulatory framework. Earlier, OKX updated its trading platform application in line with Hong Kong’s latest VASP regulations, enabling Hong Kong users to buy, sell, and hold 16 major cryptocurrencies. Over the coming months, OKX will continue refining its app, exploring and launching new features to enrich and diversify the user experience for customers in Hong Kong.
About OKX
OKX is the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company. Its high-speed, reliable crypto trading app is trusted by over 50 million users worldwide, including investors and professional traders.
OKX partners with Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, aiming to enhance fan engagement through innovative interactive experiences. Additionally, OKX is a premier partner of the Tribeca Festival, supporting efforts to bring more creators into the Web3 space.
Beyond exchange services, OKX recently launched OKX Web3 Wallet, providing users with access to trade GameFi and DeFi tokens, as well as explore NFTs and the metaverse.
OKX is committed to transparency and security, publishing its Proof-of-Reserves reports monthly.
For more information about OKX, download our app or visit: okx.com
Disclaimer
This announcement is for informational purposes only and does not constitute investment, tax, or legal advice, nor should it be construed as an offer to buy, sell, or hold any digital assets. Holding digital assets, including stablecoins, involves significant risks and high market volatility; you may lose your entire investment. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX accepts no liability for any losses incurred. Past performance is not indicative of future results. If you have any questions regarding your specific circumstances, please consult your legal, tax, or investment advisor.
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