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CoinEx launches BitHK for SFC-regulated crypto spot and P2P trading in Hong Kong

CoinEx has launched a professional crypto trading platform that caters specifically to users in Hong Kong.

Going by the name of BitHK, the Hong Kong subsidiary will submit its license application as a Virtual Asset Service Provider (VASP) to the SFC on June 1, the effective date of the Guidelines for Virtual Asset Trading Platform Operators.

BitHK will continue to utilize CoinEx’s proprietary trade matching engine, which enables efficient crypto transactions and seamless trading experiences.

Hong Kong residents will be able to leverage BitHK to engage in spot trading and store crypto assets on the platform, which is currently available in both Traditional Chinese and English.

“We will strictly follow the Code of Conduct for Cryptocurrency Exchanges”

Haipo Yang, Chief Executive Officer of CoinEx, said: “BitHK is constantly improving and plans to introduce P2P crypto trading on top of spot trading to support both HKD deposits and withdrawals. As an integral part of Hong Kong’s financial services industry, BitHK has an obligation to uphold the city’s image as an internationally recognized ‘inclusive and open’ financial hub.

We will strictly follow the Code of Conduct for Cryptocurrency Exchanges recently released by the SFC and the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022. We are dedicated to delivering compliant, fair, and professional services while safeguarding our investors’ assets. Our goal is to establish a secure and reliable crypto trading environment for Hong Kong users.”

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across over 200 countries and regions.

Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.

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