OKX, the World’s Second-Largest Cryptocurrency Exchange, Enhances Its App for Secure Spot Trading in Hong Kong

OKX, the World’s Second-Largest Cryptocurrency Exchange, Enhances Its App for Secure Spot Trading in Hong Kong

OKX, the second-largest cryptocurrency exchange globally based on trading volume, has introduced an enhanced mobile application for secure spot trading of virtual assets in Hong Kong. The updated app incorporates several features aimed at facilitating convenient and secure trading experiences:

1. User-friendly interface enabling effortless navigation and order placement across desired markets.
2. Advanced trading tools empowering users to capitalize on market opportunities.
3. Secure storage solutions for virtual assets, ensuring their safety.
4. Round-the-clock customer support for addressing user inquiries and concerns.

The revamped app is readily available for download from both the App Store and Google Play, enabling seamless access for users.

Furthermore, OKX has established a local entity in Hong Kong as part of its preparations for complying with forthcoming regulatory frameworks governing virtual asset service providers (VASPs). These regulations, effective from June 1, 2023, necessitate licensing from the Securities and Futures Commission (SFC) for VASPs.

OKX has joined other VASPs in submitting a license application to the SFC, demonstrating its alignment with the stringent regulatory requirements. The company has actively collaborated with the SFC to showcase the robustness of its security measures, custody solutions, anti-money laundering (AML) processes, and compliance capabilities.

In line with its commitment to user safety and convenience, OKX reaffirms its dedication to closely cooperating with regulatory authorities throughout the licensing process under the new VASP framework.