OKX Upgrades App for Hong Kong Users with 16 Major Cryptocurrencies and HKD Trading Support

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The global cryptocurrency exchange OKX has launched an upgraded mobile application tailored for Hong Kong users, enabling spot trading of 16 major cryptocurrencies in compliance with Hong Kong’s Virtual Asset Service Provider (VASP) regulations. This strategic move marks a significant step in OKX’s commitment to supporting retail investors in one of Asia’s most dynamic financial hubs.

👉 Discover how OKX is shaping the future of crypto access in Hong Kong.

Expanded Crypto Access for Hong Kong Investors

Starting today, Hong Kong residents can trade a diversified portfolio of digital assets directly through the OKX app. The supported cryptocurrencies include:

This selection covers leading layer-1 blockchains, decentralized finance (DeFi) tokens, and stablecoins—offering users a balanced mix of innovation, utility, and stability. The inclusion of USDT and USDC further strengthens the platform's appeal by providing low-volatility options ideal for hedging or entering positions during market fluctuations.

Compliance with Hong Kong’s VASP Regulatory Framework

OKX’s enhanced offering aligns with Hong Kong’s evolving regulatory landscape for virtual assets. As part of its long-term strategy, OKX established a local entity earlier this year to apply for a VASP license under the new regulatory regime that took effect on June 1, 2023.

To meet strict compliance standards, OKX has invested heavily over the past 18 months in upgrading its operational infrastructure, risk management protocols, and monitoring systems. The exchange has also maintained close communication with Hong Kong regulators to demonstrate adherence to requirements in:

These efforts underscore OKX’s dedication to building a secure and trustworthy environment for retail investors navigating the digital asset ecosystem.

Transparent Reserves: Reinforcing User Trust

Transparency remains a cornerstone of OKX’s operations. The exchange is among the few major platforms that publish monthly Proof-of-Reserves (PoR) reports, allowing users to independently verify that customer assets are fully backed.

The latest PoR report leverages zk-STARK technology—short for Zero-Knowledge Scalable Transparent Argument of Knowledge—an advanced cryptographic method that enables trustless verification of asset holdings without exposing sensitive data. This ensures both privacy and transparency.

As of April’s report, OKX held reserves worth $10.4 billion, comprising Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Such robust reserve levels reinforce confidence in the platform’s solvency and long-term stability.

Seamless On-Ramps: HKD Deposits and Payment Options

Hong Kong users now enjoy multiple convenient ways to enter the crypto market via the OKX app:

This multi-channel approach lowers barriers to entry, especially for first-time investors who prefer familiar payment methods. By supporting local currency transactions, OKX enhances accessibility and reduces friction typically associated with cross-border fiat on-ramps.

👉 Learn how easy it is to start trading crypto with HKD today.

Vision for Hong Kong as a Global Virtual Asset Hub

Lennix Lai, Global Chief Commercial Officer at OKX, emphasized the company’s long-term vision:

“We believe every Hong Kong user deserves access to a reliable and user-friendly platform to explore the world of cryptocurrency. At OKX, we’re committed to delivering the safest and most straightforward trading experience while fully complying with the latest VASP regulations set by the Hong Kong Special Administrative Region government.”

Lai added that OKX will continue working closely with local regulators to advance its VASP license application. The exchange also plans to invest in local talent and infrastructure to support Hong Kong’s ambition of becoming a thriving center for virtual asset innovation.

Future updates will be rolled out in line with guidelines from the Securities and Futures Commission (SFC), aiming to introduce more advanced features and services that enrich the user experience while maintaining compliance.

Frequently Asked Questions (FAQ)

1. Is OKX legal in Hong Kong?

Yes. OKX is operating in compliance with Hong Kong’s VASP regulations and has established a local entity to apply for an official license. It adheres to all regulatory requirements regarding AML, asset custody, and user protection.

2. Can I deposit Hong Kong Dollars (HKD) into my OKX account?

Yes. Hong Kong users can deposit HKD via P2P trading or through third-party payment providers using Apple Pay, Visa, and Mastercard.

3. Which cryptocurrencies are available for trading in Hong Kong?

OKX supports spot trading for 16 major cryptocurrencies, including BTC, ETH, ADA, SOL, DOT, USDT, and USDC. The list aligns with regulatory guidelines and market demand.

4. How does OKX ensure the safety of user funds?

OKX uses cold storage for over 95% of user assets and conducts monthly Proof-of-Reserves audits using zk-STARK technology. These measures ensure transparency and full backing of user deposits.

5. Does OKX offer customer support in Chinese?

Yes. The OKX app and website provide comprehensive support in Traditional Chinese, catering specifically to Hong Kong users.

6. Will more features be added for Hong Kong users?

Yes. OKX plans to roll out additional services in accordance with SFC guidelines, including enhanced trading tools and educational resources.

The upgraded OKX app represents a major milestone in bringing compliant, transparent, and accessible crypto trading to Hong Kong. By combining regulatory alignment with cutting-edge technology and user-centric design, OKX is positioning itself as a key player in the region’s digital asset transformation.

👉 Start your crypto journey securely with one of the most trusted platforms in the industry.