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Major cryptocurrency exchange OKX will cease its digital asset trading services in Hong Kong at the end of this month.
got it To tell The company said it had “carefully considered the prospects for its business development” and decided to withdraw its application for a virtual asset trading platform license in Hong Kong.
The exchange will cease providing trading services on May 31, but customers will still be able to withdraw funds. OKX’s Web3 self-hosted wallet will also continue to serve customers.
OKX is 10 Cryptocurrency Exchanges Those who have withdrawn their application for a trading platform license in the Special Administrative Region.
HTX, a major exchange linked to Justin Sun, also withdrew its application in late February. The Seychelles-based exchange reapplied soon after, but withdrew it again earlier this month, the company said. report From the South China Morning Post (SCMP).
The Securities and Futures Commission (SFC), the financial regulator for the special administrative region, has license Only two cryptocurrency trading platforms are listed, while 18 other exchanges are awaiting decisions on their applications.
Hong Kong introduced new cryptocurrency exchange regulations in June last year, which some digital asset players claim will be a burden for trading platforms, according to the South China Morning Post. report.
OKX, also headquartered in Seychelles, is currently the third largest cryptocurrency exchange in terms of 24-hour trading volume after Binance and Bybit. CoinGecko.
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“Major cryptocurrency exchange OKX will cease digital asset trading services in Hong Kong at the end of this month. OKX said it has decided to withdraw its application in Hong Kong…”
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Source link: https://cryptonews.com.au/news/crypto-exchange-giant-okx-to-pull-trading-services-from-hong-kong-at-the-end-of-the-month-121104/
