OKX Hong Kong has recorded over 10,000 new user registrations within a month of launching its upgraded app.
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OKX Hong Kong has recorded over 10,000 new user registrations within a month of launching its upgraded app.
The milestone of ten thousand new local users underscores OKX Hong Kong's success and commitment.
Navigating Web3 tides with focused insightsOn July 13, 2023, OKX, one of the world’s largest cryptocurrency exchanges by trading volume and a leading Web3 technology company, announced that it had attracted over 10,000 new Hong Kong users within one month of launching its upgraded app for local users in May. This marks the first time since Hong Kong’s new Virtual Asset Service Provider (VASP) regime came into effect on June 1, 2023, that an exchange has publicly reached this milestone in Hong Kong.
Over the past 18 months, OKX has been actively investing in talent acquisition, innovation, technology, compliance, and system security to prepare for applying for a VASP license under Hong Kong’s new regulatory framework. The achievement of 10,000 new local users underscores OKX Hong Kong’s success and commitment, demonstrating how its platform meets regulatory requirements while continuing to deliver innovative products and services that meet customer demand for Web3.
Lennix Lai, Global Chief Commercial Officer at OKX, said: "We are very encouraged by the positive response OKX Hong Kong has received. The number of new user registrations reflects strong local market interest in virtual assets and highlights the significant growth potential in a regulated environment. Hong Kong is a highly sophisticated and discerning market when it comes to selecting virtual asset platforms. We believe adhering to regulatory standards helps build user trust and is crucial for the future development of the crypto industry. Looking ahead, we aim to bring more exciting products and experiences to Hong Kong users, fully compliant with local regulations."
In March 2023, OKX announced the incorporation of OKX Hong Kong to apply for a VASP license and operate a virtual asset trading platform in the region. Currently, OKX’s upgraded app allows Hong Kong users to buy, sell, and hold 16 major cryptocurrencies, while delivering top-tier standards in security, trading technology, and risk management comparable to traditional financial exchanges.
To celebrate this milestone, OKX Hong Kong will co-host a celebration event with Manchester City Official Supporters Club Hong Kong Chapter on Saturday, July 22, 2023. The event will feature a Manchester City-themed collectibles exhibition, sharing sessions by local football legends Chan Siu Ki and Chan Wai Ho, as well as interactive games. For more details, please follow OKX’s social media platforms.
About OKX
OKX is a leading global cryptocurrency exchange and Web3 ecosystem. Its crypto trading app—renowned for speed and reliability—is trusted by over 50 million investors and professional traders worldwide.
OKX partners with Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo to enhance fan engagement through innovative interactive experiences. Additionally, OKX is a top-tier partner of the Tribeca Festival, supporting efforts to bring more creators into the Web3 space.
Beyond exchange services, OKX recently launched OKX Web3 Wallet, enabling users to trade GameFi and DeFi tokens and explore NFTs and the metaverse with ease.
Committed to transparency and security, OKX publishes proof-of-reserves reports monthly. For more information about OKX, please download the 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 digital assets. Holding digital assets, including stablecoins, involves high risks and significant 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 provides no 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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