FAQs
In accordance with this development, OKX Hong Kong will discontinue providing centralised crypto trading services in Hong Kong effective 31 May 2024. This strategic decision was made after thorough consideration of the company's long-term business strategy and in alignment with regulatory compliance standards.
Which Hong Kong crypto exchange Licence applicants with ties to mainland China withdraw from city? ›
The local affiliates of major mainland China-linked crypto exchanges - including OKX, Gate.io, KuCoin, Binance and HTX, formerly Huobi - have all withdrawn their applications for a virtual asset trading platform (VATP) licence in Hong Kong that were submitted over the past several months, according to the Securities ...
Is OKX allowed in the US? ›
United States
The OKX US digital asset trading platform is provided by OKCoin USA Inc., a licensed money transmitter (NMLS #1767779) and money services business registered with the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury.
Is OKX a Tier 1 exchange? ›
Tier 1 exchanges are the most prestigious and well-known platforms in the cryptocurrency industry. They are characterized by high trading volumes, robust security measures, extensive regulatory compliance, and a wide user base. Examples of Tier 1 exchanges include Binance, Coinbase, Kraken, Huobi, and OKX.
Which crypto exchange is legal in Hong Kong? ›
OSL Digital Securities Limited (OSL) and HashKey Digital Asset Group Limited (HashKey) are two prominent companies licensed by SFC in Hong Kong to operate as VATPs.
Which countries does OKX support? ›
OKX is a platform where investors can buy Bitcoin, Ethereum, and other cryptocurrencies. It currently operates in global markets including Hong Kong, United Arab Emirates, The Bahamas, and France. OKX has offices in Dubai, Turkey, Hong Kong, Silicon Valley, Singapore, and Australia.
Which country is best for crypto exchange license? ›
1. Malta. With its progressive regulations and advantageous tax structure, Malta, also known as Blockchain Island, is attracting large companies in the crypto coins industry. The country's clear regulations for cryptocurrency businesses make it a prime location for blockchain companies globally.
Can Hong Kong residents use Coinbase? ›
Nevertheless, the fine print in its legal and privacy disclosures specifically states that the agreement on its website applies to “customers who reside in Singapore and selected countries (Hong Kong and the Philippines).” In any event, Coinbase's know-your-customer process approved my application.
Can Hong Kong use crypto com? ›
Crypto.com, which was founded in Hong Kong and now operates out of Singapore, is the largest of the exchanges “deemed to be licensed”. The city currently has just two exchanges approved to serve retail customers, with HashKey being the last to get a licence in 2022 under the previous voluntary scheme.
Is OKX legit or fake? ›
OKX is a top crypto exchange trusted by millions of users. It's a quick and easy way for beginner to expert cryptocurrency enthusiasts to buy, hold, and exchange hundreds of popular cryptocurrencies with competitive trading fees.
4. Can you use OKX without KYC? Yes, you can use OKX without KYC for basic trading features. However, to access higher withdrawal limits and more advanced features, completing KYC verification is required.
Who owns OKX exchange? ›
OKX is owned by Ok Group, which also owns crypto exchange Okcoin. It is not available to American users. The company's CEO is Jay Hao and CMO is Haider Rafique. OKX was first time located in Beijing, China, but it is now banned by the Chinese regulators.
Is OKX better than Coinbase? ›
OKX and Coinbase are both fantastic exchanges for users looking for a safe, reputable, regulated and licensed exchange. Because of US regulatory compliance, Coinbase will probably be the preferred choice for US-based users while OKX is often favoured for anyone located outside of the States.
Which is better OKX or Binance? ›
Binance edges out a slight win when it comes to asset support as they offer a higher number of tradable pairs across markets, while both platforms offer leveraged tokens and incredibly low fees. OKX takes the win as the preferred platform for traders interested in copy trading and accessing trading bots.
Is OKX legal? ›
OKX was among nine foreign crypto exchanges blocked in India after local regulators issued compliance notices.
How to buy cryptocurrency in Hong Kong? ›
Buy Bitcoin in Hong Kong in 5 Easy Steps
- Enter the amount of HKD you'd like to spend. ...
- Choose a payment method and see the equivalent amount of BTC you will receive.
- Input your Bitcoin-supported wallet address.
- Login with email and verify your information.
Can I use Coinbase in Hong Kong? ›
You are probably wondering if this giant is available to local clients. The answer is yes; Coinbase accepts and opens crypto trading accounts to clients based in Hong Kong.
Is crypto.com legal in HK? ›
Crypto.com, which was founded in Hong Kong and now operates out of Singapore, is the largest of the exchanges “deemed to be licensed”. The city currently has just two exchanges approved to serve retail customers, with HashKey being the last to get a licence in 2022 under the previous voluntary scheme.