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OKX, which claims to be the world’s second-largest crypto exchange by trading volume, said on Tuesday that it’s applying for the licence in Hong Kong just two months before the city officially makes crypto trading fully legal.
Lennix Lai, the exchange’s managing director of global institutional, said that OKX sees “immense potential” in the city and is willing to invest in talent and work with regulators “over the next five years to continue building the local ecosystem”.
OKX said it has been preparing for more than a year to meet Hong Kong’s new regulatory requirements governing cryptocurrency exchanges that will come into effect in June this year.