TechFlow news — According to the South China Morning Post, Three Arrows Capital co-founder Su Zhu will continue promoting OPNX, a cryptocurrency exchange linked to Hong Kong.
The report stated that OPNX registered an office in Hong Kong's central business district as early as May last year, with Mark Lamb, former CEO of cryptocurrency derivatives platform CoinFlex, listed as a director, though the exact location of its headquarters has not been disclosed.
In addition, OPNX revealed to media as early as April last year its plans to relocate to Hong Kong—a move said to have received support from investors.
Hong Kong’s new virtual asset regulatory framework took effect in June 2023, requiring all crypto exchanges operating in Hong Kong or serving Hong Kong investors to obtain a license from the Securities and Futures Commission. However, exchanges were granted a one-year grace period to become licensed. OPNX has not immediately responded to requests for comment regarding its operations in Hong Kong or whether it plans to comply with Hong Kong's crypto regulations.
