The Hong Kong Securities and Futures Commission has granted virtual asset licenses to local crypto exchanges Panthertrade and YAX.
New Licenses for Panthertrade and YAX
Hong Kong financial authorities have updated their list of virtual asset trading platforms that have received operating licenses. Recently, two Hong Kong-based crypto trading platforms, Panthertrade Hong Kong Limited and YAX Hong Kong Limited, have been licensed.
List of Licensed Platforms
So far, there are nine virtual asset trading platforms which have received licenses to operate in Hong Kong from the SFC. These include OSL, HashKey, Hong Kong Virtual Asset Exchange, Hong Kong Digital Asset EX, Accumulus GBA Technology, DFX Labs, and Thousand Whales Technology.
Pending Applications
There are six more applicants still awaiting review and possible approval for an SFC license. Some of the crypto trading platforms include Hong Kong BGE, Whalefin Markets, Flying Hippo Technologies, and HighBlock.
Hong Kong continues to issue virtual asset licenses, aiming to expand its crypto ecosystem. Despite being slower compared to Singapore, regulators hope to accelerate the licensing process.
