After launching an upgraded application, OKX Hong Kong has registered over ten thousand new users within a month.

On July 13, 2023, OKX, one of the largest cryptocurrency exchanges globally and a leading Web3 technology company, recorded over ten thousand new users registered in Hong Kong within a month after launching an upgraded application for local users in May. This is the first exchange in Hong Kong to announce this milestone since the new Virtual Asset Service Provider (VASP) regime came into effect on June 1, 2023.

Over the past 18 months, OKX has been actively investing in talent acquisition, innovation, technology, compliance, and system security to prepare for applying for the VASP license under the new regulatory regime in Hong Kong. The milestone of ten thousand new local users verifies the success and commitment of OKX Hong Kong, demonstrating that the platform can meet regulatory requirements while enhancing services and meeting customer demand for innovative products and Web3.

Lennix Lai, Chief Business Officer of OKX Global, said, "We are very encouraged to see such a positive response to OKX Hong Kong. The number of new registered users in Hong Kong shows a strong interest in virtual assets in the local market and significant growth potential within a regulated environment. Hong Kong is a mature and perceptive market when it comes to selecting virtual asset platforms. We believe that complying with regulatory requirements is crucial for gaining user trust and for driving the future development of the cryptocurrency market. Looking ahead, we hope to bring more exciting products and experiences to Hong Kong users in compliance with regulatory requirements."

In March 2023, OKX announced the establishment of its registered company in Hong Kong (OKX Hong Kong) and applied for the VASP license to operate the virtual asset trading platform in the city. Currently, OKX's upgraded application allows Hong Kong users to buy, sell, and hold sixteen major cryptocurrencies while providing the highest standards in terms of security, trading technology, and risk management compared to traditional exchanges.

To celebrate this milestone, OKX Hong Kong will jointly organize a celebration event with the official Manchester City Fan Club Hong Kong Branch on July 22, 2023 (Saturday). The event will include a Manchester City-themed collectible exhibition, sharing sessions by local football legends Chan Siu Ki and Chan Wai Ho, and interactive games. For more details, please follow OKX's social media platforms.

About OKX

OKX is a leading cryptocurrency exchange and Web3 ecosystem. OKX has developed a cryptocurrency trading application that is both fast and reliable, and it is favored by over 50 million global investors and professional traders.

OKX closely collaborates with English Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo to enhance fan experience through innovative interactions. Additionally, OKX is a top partner of the Tribeca Festival, aiming to attract more creators to the Web3 field.

In addition to exchange services, OKX has recently launched the OKX Web3 Wallet service, which provides users with access to trading GameFi and DeFi tokens, allowing them to explore the NFT and metaverse domains.

OKX is committed to improving transparency and security and releases its reserves audit report on a monthly basis.

Disclaimer

This announcement is for reference only. It does not intend to provide any investment, tax, or legal advice, and should not be considered as an offer to buy, sell, or hold digital assets. Holding digital assets, including stablecoins, carries high risks, and market volatility can be significant, possibly resulting in the loss of all asset value. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You are solely responsible for your investment decisions, and OKX will not be liable for any losses. Past performance does not guarantee future results. If you have any specific concerns about your own circumstances, please consult your legal, tax, or investment professionals.