How many Hong Kong cryptocurrency exchanges are there? Specific number of Hong Kong cryptocurrency exchanges

The Hong Kong cryptocurrency trading market is booming, and investors are crucial to the choice of exchanges. The Hong Kong SAR government actively promotes the healthy development of the cryptocurrency market, implements regulatory measures such as license system, and seeks a balance between safety, efficiency and convenience. This article will answer the number of Hong Kong cryptocurrency exchanges and related information.

Number of licensed cryptocurrency exchanges in Hong Kong

As of February 2025, there were 9 licensed cryptocurrency exchanges in Hong Kong, and 14 applications for virtual asset trading platform (VATP) licenses are under review. The licensed platform must complete rectification and pass an independent third-party security assessment before it can operate within the scope of limited business. Some of the licensed exchanges include OSL, HashKey and HKVAX.

Introduction to some exchanges:

1. OSL:
Hong Kong's first licensed virtual asset trading platform, affiliated to BCGroup, is known for its high security and strict compliance, and provides spot, over-the-counter trading and custody services, with relatively low handling fees.
HashKey:
3. A licensed trading platform focusing on institutional-level cryptocurrency services has attracted many institutional investors with its strong technical strength and risk control system.

HKVAX:

Founded by Hong Kong entrepreneurs, it is committed to creating new standards for digital asset trading, connecting traditional finance with digital financial markets, and actively exploring emerging fields such as securities token issuance (STO) and asset-backed tokens (ABT).

Hong Kong Cryptocurrency Regulatory Environment

The Hong Kong Securities and Futures Commission (SFC) is the main regulatory body. Although Bitcoin itself is not a securities, the SFC focuses on activities involving cryptocurrencies, especially those suspected of securities issuance or investment contracts. Hong Kong has implemented anti-money laundering (AML) and combating terrorist financing (CFT) regulations, requiring trading platforms to implement customer identity verification (KYC) measures to ensure transaction security and transparency.

Summary

As an international financial center, Hong Kong has a complete financial regulatory system and many well-known cryptocurrency trading platforms, providing investors with a wide range of choices. However, when choosing a trading platform, investors still need to carefully evaluate their security and compliance, and choose a platform with good reputation and high security to trade.

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