The global cryptocurrency landscape is evolving rapidly, and Hong Kong is emerging as a key player in this transformation. At the forefront of this movement is OKX, one of the world’s leading digital asset exchanges, which has officially launched an upgraded application to support spot trading of 16 mainstream cryptocurrencies for Hong Kong users. This strategic development aligns with Hong Kong’s new regulatory framework for Virtual Asset Service Providers (VASPs), marking a significant milestone in the region’s journey toward becoming a trusted hub for digital finance.
Since its inception in 2017, OKX has facilitated over $1 trillion in cumulative trading volume, underscoring its position as a secure, compliant, and high-performance platform trusted by millions worldwide. Now, with enhanced local compliance measures and advanced technological safeguards, OKX is empowering Hong Kong residents to confidently enter the world of digital assets.
Strengthening Compliance Under Hong Kong’s VASP Framework
To operate legally under Hong Kong’s updated virtual asset regulations effective June 1, OKX established a local entity earlier this year and is actively pursuing a VASP license from the Securities and Futures Commission (SFC). Over the past 12 months, the exchange has significantly strengthened its operational infrastructure, risk management systems, and anti-money laundering (AML) protocols to meet the stringent standards set by regulators.
👉 Discover how top-tier security and compliance are shaping the future of crypto trading.
This proactive collaboration with Hong Kong authorities demonstrates OKX’s commitment to transparency, user protection, and long-term sustainability in the region’s financial ecosystem.
Proof-of-Reserves: Building Trust Through Transparency
One of the most critical aspects of user trust in any crypto exchange is asset custody. OKX stands out by being one of the few major platforms that regularly publishes its Proof-of-Reserves (PoR) reports. These audits allow users to independently verify that customer funds are fully backed by exchange-held reserves.
The latest PoR report, enhanced with zk-STARK technology—short for Zero-Knowledge Scalable Transparent Argument of Knowledge—ensures cryptographic verification without exposing sensitive data. This cutting-edge approach offers unparalleled transparency and security.
As of April, OKX’s reserves included over $10.4 billion worth of key assets such as Bitcoin (BTC), Ethereum (ETH), and the USDT stablecoin. This robust reserve backing reassures users that their digital assets are safeguarded at all times.
Spot Trading Now Live: 16 Cryptocurrencies Available
Hong Kong users can now seamlessly buy, sell, and exchange 16 major cryptocurrencies directly through the OKX mobile app. Supported assets include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Polkadot (DOT)
- Bitcoin Cash (BCH)
- Solana (SOL)
- Cardano (ADA)
- Avalanche (AVAX)
- Polygon (MATIC)
- Chainlink (LINK)
And more—all compliant with SFC guidelines.
Funding options are equally flexible. Users can deposit Hong Kong dollars (HKD) via P2P trading or use third-party payment providers supporting Apple Pay, Visa, and Mastercard, making onboarding faster and more accessible than ever before.
Strict Criteria for Listed Cryptocurrencies
Not all digital assets qualify for retail trading in Hong Kong. The SFC has implemented strict eligibility requirements to protect investors and maintain market integrity. For a cryptocurrency to be listed:
- It must have a minimum 12-month track record of regulatory compliance.
- The project team must not be under any criminal investigation or legal action.
- The token must be included in at least two independent major investment indices.
These criteria ensure only mature, reputable projects are available to retail investors. Notably, stablecoins are currently excluded from retail trading due to ongoing regulatory uncertainty—a decision reflecting Hong Kong’s cautious yet progressive stance.
A Strategic Step Toward Becoming Asia’s Crypto Hub
Hong Kong’s selective yet forward-looking approach to crypto regulation positions it uniquely in the global financial arena. By balancing innovation with investor protection, the city aims to attract institutional capital while fostering responsible retail participation.
OKX’s expansion into the Hong Kong market supports this vision. With institutional-grade security, transparent operations, and a user-centric design, the platform is well-positioned to help drive adoption across Asia.
👉 See how OKX combines innovation, security, and compliance to deliver a superior trading experience.
What’s Next for OKX in Hong Kong?
While spot trading is now live, OKX plans to roll out additional features in the coming months, all in accordance with SFC guidance. Future enhancements may include expanded fiat gateways, educational resources tailored to local users, and deeper integration with Hong Kong’s financial infrastructure.
Lennix Lai, Global Chief Commercial Officer at OKX, emphasized the platform’s long-term commitment:
“We believe every Hong Kong user deserves access to a reliable, easy-to-use app to explore the world of cryptocurrency. OKX is dedicated to delivering the safest and most straightforward crypto trading experience, fully aligned with the Hong Kong government’s VASP regulations.”
The company will continue working closely with regulators to advance its licensing process and support policy goals aimed at establishing Hong Kong as a thriving virtual asset center.
Frequently Asked Questions (FAQ)
Q: Is OKX licensed to operate in Hong Kong?
A: OKX has established a local entity and is actively applying for a VASP license under Hong Kong’s new regulatory regime. It currently operates in full compliance with SFC guidelines for retail crypto services.
Q: Which cryptocurrencies can I trade on OKX in Hong Kong?
A: You can trade 16 major coins including Bitcoin, Ethereum, Solana, Cardano, Litecoin, and others that meet SFC eligibility criteria.
Q: Can I use HKD to buy crypto on OKX?
A: Yes. Hong Kong users can deposit HKD via P2P trading or use Apple Pay, Visa, and Mastercard through third-party payment providers.
Q: Are stablecoins available for retail trading?
A: No. The SFC has not yet approved stablecoins for retail trading due to regulatory concerns around reserve transparency and stability.
Q: How does OKX ensure my funds are safe?
A: OKX uses institutional-grade security, cold storage for 95%+ of assets, regular Proof-of-Reserves audits using zk-STARK technology, and strict AML controls.
Q: Will OKX offer futures or derivatives to Hong Kong users?
A: Currently, only spot trading is available. Any future launch of derivatives will strictly follow SFC regulations.
The launch of regulated spot trading for 16 major cryptocurrencies marks a pivotal moment—not just for OKX, but for Hong Kong’s ambitions in the digital asset space. As compliance, security, and user experience converge, platforms like OKX are paving the way for a new era of trusted crypto adoption.