Hong Kong Exchange Digital Currency Platform

Hong Kong Exchanges and Clearing plans to launch the "HKEX DAP" digital currency platform, which will be regulated by the SFC and provide centralized trading services that are compliant, secure, highly liquid, and covered by diversified assets. The target audience includes institutional investors, retail investors and digital currency traders, but the specific launch time has not yet been announced.

Hong Kong Exchange Digital Currency Platform

Establishment Background

The Hong Kong Exchange (HKEX) announced plans in 2018 to launch a digital asset trading platform to meet growing investor demand for digital currencies. The platform is designed to provide institutional and retail investors with a safe and compliant way to trade digital currencies.

Platform name

The official name of the digital asset platform is "HKEX Digital Assets (hereinafter referred to as HKEX DAP)".

Features and Benefits

The main features and benefits of HKEX DAP include:

• Compliance:Platform Regulated by the Hong Kong Securities and Futures Commission (SFC) to ensure compliance with all applicable regulations.
• Security: The platform uses state-of-the-art security measures, including cold storage, multi-signature and distributed ledger technology.
• Liquidity: Similar to traditional exchanges, HKEX DAP provides deep order books and liquidity to ensure fair prices when orders are executed.
• Diversified assets: The platform supports a variety of digital currencies, including Bitcoin, Ethereum and stablecoins.

Operating Model

HKEX DAP adopts a centralized operating model, which means that all transactions are matched and cleared by the platform. This model helps ensure transaction security and efficiency.

Target Audience

The platform’s target audience includes:

• Institutional investors: hedge funds, pension funds and asset management companies.
• Retail Investors: Individuals and qualified investors seeking to invest in digital currencies.
• Digital currency traders: traders who wish to profit from price changes.

Launch Time

HKEX DAP was originally planned to launch in the second half of 2022, but due to market conditions and regulatory approvals, the launch date has been delayed. At present, the specific launch time has not been announced.

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