OKX lists 16 tokens for Hong Kong retail investors

OKX announced that its latest APP will allow Hong Kong users to buy, sell and hold 16 major cryptocurrencies (BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT and USDC), which can be purchased using Hong Kong dollars, P2P or ApplePay, Visa and Mastercard through third-party providers. Previously, OKX had announced the establishment of a Hong Kong entity for its proposed license application in accordance with the new Hong Kong VASP regulatory regime that came into effect on June 1.

Earlier, according to the Hong Kong Securities and Futures Commission, the minimum requirement for tokens offered to retail investors is to be included in two indices, one of which should be a cryptocurrency covered by a traditional index. Among them, BTC ETH LTC BCH DOT SOL ADA AVAX MATIC LINK are the tokens that are included in the most traditional indices. But the index launched by CoinDesk is more extensive, covering 28 cryptocurrencies. In addition, there are various different classifications such as the DeFi entertainment smart contract platform index. In addition, the Hong Kong Securities and Futures Commission requires that tokens must have been online for 12 months, so new tokens such as ARB cannot be listed.