BitMEX Announces Launch of Tailored App for Hong Kong Users

• BitMEX’s new mobile app will provide Hong Kong users a secure and convenient platform.
• Existing customers in Hong Kong will be transferred to BitMEX Hong Kong on May 29 2023.

Hong Kong users of the cryptocurrency exchange BitMEX will soon have access to a new dedicated platform. With the implementation of the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Statute 2022 on June 1, 2023, the company intends to apply for a Virtual Asset Service Provider (VASP) license.

BitMEX’s new mobile app will provide verified Hong Kong users with a secure and convenient way to buy, trade, and convert between cryptocurrencies and more than 30 fiat currencies in a flash through 11 spot pairings.

Banking on Crypto-friendly Framework

Existing customers in Hong Kong will be transferred to BitMEX Hong Kong on May 29, 2023. HDR BMEX Ltd, a subsidiary of BitMEX, operates the new service. BitMEX’s primary goals are the implementation of Hong Kong’s new regulatory framework and the provision of assistance to market players throughout the transition.

Stephan Lutz, acting CEO & group CFO at BitMEX, stated:

“Historically Hong Kong has not just been one of the most popular breeding grounds for crypto innovations, but it is also where our founders first met and conceived of BitMEX. We believe the SFC’s regulatory framework marks a significant milestone for our industry as it will provide standards for virtual assets that are crucial for this fast-growing asset class.”

BitMEX Hong Kong was designed to work with the Hong Kong VASP transitional regime. Portfolios may be managed, wallet balances checked, and deposits and withdrawals made in real-time. Keeping tabs on the market is a breeze with the help of modern tools like watchlists and real-time data feeds.

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