In the digital currency trading market, OKX, as one of the well-known trading platforms, recently announced an upgrade to provide more choices for Hong Kong users. In addition to trading in 16 major cryptocurrencies, the more exciting news is that trading in Hong Kong dollars will also be allowed. This good news will undoubtedly bring more convenience and opportunities to the majority of digital currency investors. In this article, we will explore in depth the significance of OKX's upgrade to Hong Kong users and its impact on the digital currency market.

The upgrade of OKX has brought a wider range of choices to Hong Kong users. Trading in 16 major cryptocurrencies will greatly enrich users' investment portfolios. Trading in popular digital currencies such as Bitcoin, Ethereum, and Litecoin will be more convenient and efficient. In addition, OKX also provides a variety of trading functions, such as leveraged trading, futures contracts, etc., to meet the trading needs of different users. As an international financial center, Hong Kong has many digital currency investors, and the upgrade of OKX will further promote the development of digital currency trading.

With the permission of Hong Kong dollar trading, OKX will break geographical restrictions and provide Hong Kong users with more flexible trading methods. As the legal currency of Hong Kong, the Hong Kong dollar will bring more convenience to users by joining the digital currency trading market. Users can directly use local currency for transactions, eliminating the risk of exchange fees and exchange rate fluctuations. This move will attract more Hong Kong users to participate in digital currency transactions and promote the market's activity and liquidity.

The upgrade of OKX is not only beneficial to Hong Kong users, but will also have a positive impact on the digital currency market. First, more cryptocurrency options will attract more investors to the market, increase trading volume and market activity. Secondly, the permission of Hong Kong dollar transactions will promote the integration of digital currency with the traditional financial system, and lay the foundation for the legalization and popularization of digital currency. This will further promote the development of the digital currency industry and bring new opportunities and challenges to the entire financial system.

In general, the upgrade of OKX provides more convenience and choices for Hong Kong users, and also injects new vitality into the development of the digital currency market. With the continuous innovation and development of the digital currency industry, we believe that there will be more good news in the future, bringing more opportunities and gains to investors. Let us look forward to the prosperity of the digital currency market and witness the vigorous development of this industry full of vitality and possibilities!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

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Coin Circle (120Btc.com) News: OKX today (25) launched an upgraded version of the application, providing Hong Kong users with 16 major cryptocurrencies spot trading services to comply with Hong Kong's regulations on virtual asset service providers (VASPs).

Currently, the cryptocurrencies that are known to be traded on OKX in Hong Kong are BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT and USDC.

OKX announced the establishment of a Hong Kong company at the beginning of this year to apply for a VASP license under the new regulatory system in Hong Kong, which will take effect on June 1, 2023. In order to meet the relevant regulatory requirements, OKX emphasized that it has actively improved its operation and monitoring level in the past year or so, and has also worked closely with Hong Kong regulators to demonstrate that OKX can meet the strict regulatory standards of the VASP license in terms of security, asset custody, anti-money laundering and compliance capabilities.

OKX is also one of the major cryptocurrency exchanges that publishes its cryptocurrency holdings monthly through its Proof-of-Reserves. The latest version of its Proof-of-Reserves provides zk-STARK technology (full name: Zero-Knowledge Scalable Transparent Argument of
Knowledge), allowing users to independently verify the solvency of the exchange and confirm that their assets are backed by OKX reserves. The April Proof of Reserves showed that OKX held a total of $10.4 billion worth of Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

Lennix
Lai, Global Chief Commercial Officer of OKX, said: "We believe that every Hong Kong user has the right to explore the world of cryptocurrency using a reliable and easy-to-use application. OKX is committed to providing users with the most secure and simple cryptocurrency trading experience, while also complying with the latest regulations of the Hong Kong SAR Government on VASPs. We will continue to work with local regulators to advance the application for licenses under the new VASP system, while actively supporting the government's policy objectives and investing resources to help Hong Kong develop into a thriving virtual asset center."

Hong Kong users can buy, sell and exchange 16 major virtual assets, including Bitcoin (BTC), Ethereum (ETH), etc. through the OKX application, and can use Hong Kong dollars, P2P transactions or Apple
Pay, Visa and Mastercard through third-party service providers to trade tokens. OKX will launch more features in the coming months under the guidance of the Hong Kong Securities and Futures Commission to further provide a rich and diverse user experience.