OKX, a leading global cryptocurrency exchange and Web3 technology provider, has upgraded its mobile application to deliver a compliant virtual asset trading experience for Hong Kong customers. The enhanced platform aligns with the city's emerging Virtual Asset Service Provider (VASP) regulatory framework.
Key Features of the Upgraded OKX Platform
- Regulatory Compliance: Fully prepared for Hong Kong's VASP licensing requirements effective June 2023
- Asset Diversity: Supports trading of 16 major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH)
- Payment Flexibility: Multiple deposit options (HKD transfers, card payments via Visa/Mastercard, ApplePay)
- Advanced Security: Institutional-grade custody solutions with monthly Proof of Reserves audits
Security Innovations
The platform recently integrated zk-STARK zero-knowledge technology into its Proof of Reserves system, enabling users to:
- Independently verify exchange solvency
- Confirm 1:1 backing of customer assets
- Access transparent reserve reports (April 2023: $10.4B in BTC, ETH, and USDT holdings)
Strategic Commitment to Hong Kong
OKX Global CCO Lennix Lai stated: "We're dedicated to providing Hong Kong users with secure, intuitive crypto access that supports the government's vision for regulated digital asset development."
The company has:
✅ Established a local Hong Kong entity
✅ Invested in compliance infrastructure for 12+ months
✅ Engaged proactively with regulators
Future Roadmap
Planned enhancements include:
- Additional trading pairs
- Expanded fiat gateways
- New features compliant with SFC guidelines
FAQ Section
Q: Is OKX currently licensed in Hong Kong?
A: The exchange is undergoing the licensing process under the new VASP regime effective June 2023.
Q: What cryptocurrencies can Hong Kong users trade?
A: 16 major assets including BTC, ETH, and stablecoins.
Q: How does Proof of Reserves protect users?
A: Monthly verifiable snapshots confirm all customer funds are fully backed. 👉 Learn about OKX's security measures
Q: What payment methods are supported?
A: HKD bank transfers, card payments, and ApplePay via third-party processors.
Q: Will OKX offer derivatives in Hong Kong?
A: Current focus remains on spot trading per regulatory guidelines.
Why Choose OKX for Crypto Trading?
With $1 trillion+ in historical trading volume since 2017, OKX combines:
🔒 Institutional security protocols
📈 Professional-grade trading infrastructure
🌐 Web3 innovation leadership
👉 Start trading securely today with one of the world's most transparent crypto platforms.