Hong Kong SFC updates its list of applicants for virtual asset trading platform licenses, highlighting OKX as the first offshore applicant.
The Hong Kong Securities and Futures Commission (SFC) recently updated its list of applicants for virtual asset trading platform licenses, marking a significant step in the regulation of cryptocurrency exchanges in the region.
The updated list, published on the SFC website, includes the names of seven companies actively seeking to operate crypto trading platforms in Hong Kong. Among them, OKX stands out as the first offshore exchange to formally apply for a compliance license in Hong Kong.
The SFC’s move is part of its ongoing efforts to provide transparency on the regulatory statuses of virtual asset trading platforms targeting Hong Kong investors. The commission has made it clear that being on the list does not imply an endorsement of the platforms’ performance or credibility.
Investors are advised to consult the SFC’s list of authorized virtual asset trading platforms for validated information. The SFC also warned investors about the risks associated with trading virtual assets on unregulated platforms, including the other seven platforms currently on the list of applicants.
