CoinEx, a crypto exchange platform that has been in operation since 2017, has launched a new crypto trading platform for users in Hong Kong. BitHK, as it is called, will offer spot trading and a P2P exchange for Hong Kong users. On June 1, the platform will submit an application to the Hong Kong Securities and Futures Commission (SFC) for approval as a Virtual Asset Service Provider (VASP).
Haipo Yang, CEO of CoinEx, commented: “We will strictly follow the Code of Conduct for Cryptocurrency Exchanges recently released by the SFC and the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022. We are dedicated to delivering compliant, fair, and professional services while safeguarding our investors’ assets. Our goal is to establish a secure and reliable crypto trading environment for Hong Kong users.”
On the same day, another crypto platform, Huobi HK, also announced its crypto services to Hong Kong users. The platform will offer crypto spot trading services to both retail and institutional clients and has applied for Hong Kong’s VASP license. Binance has also announced that it will transition all of its users in Japan to a new platform called Binance Japan. This process began on May 26 and will continue through the summer.