Hong Kong licenses 4 new crypto trading platforms

On December 18, 2024, the Hong Kong Securities and Futures Commission (SFC) licensed four new virtual asset trading platforms, bringing the total number of licensed platforms here to seven. The four new platforms include Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology.

This event marks an important step in Hong Kong's efforts to strengthen its position as a global digital asset hub. The licensing process was conducted under strict standards, including on-site inspections to ensure safety and protection of customer assets. The new exchanges will have to undergo vulnerability assessments and penetration testing by independent third parties before they can operate fully.

This move reflects Hong Kong's strong commitment to promoting the sustainable development of the virtual asset ecosystem while ensuring the protection of investor interests.