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How will OKB react as OKX expands to Asian markets? Analyzing…
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OKX [OKB], one of the largest crypto exchanges by trading volume, announced the formation of its Hong Kong affiliate to launch its digital assets trading services, as more participants get drawn towards the region’s pro-crypto policies.
In addition to this, the exchange stated that it will apply for the virtual asset service provider (VASP) license in Hong Kong under new requirements to operate that will go into effect beginning June. Earlier, Justin Sun’ Huobi Global [HT] applied for a license in the region and announced the establishment of a local entity – Huobi Hong Kong.
<p lang=«en» dir=«ltr» xml:lang=«en»>At the forefront of innovation and regulation, we're excited to announce the launch of our Hong Kong entity!As we continue our mission to shape the future of the virtual asset industry, we plan to apply for licenses in Asia's world city.
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