Recently, Binance OKX HTX Bybit Gate and others have withdrawn their applications for exchange licenses. Such secrets must be caused by something unusual.
According to Wu, it turned out that the Hong Kong SFC required all platforms to sign a letter of commitment, promising that no region could have mainland Chinese users.
OKX tried to apply for gambling through the alliance, but it really didn't see any hope, so it had to withdraw, and several other companies were also waiting and watching.
Frankly speaking, as a rational investor, I dare not put money into the dozen exchanges on the list in Hong Kong.
Hong Kong is a small place, and without mainland users, there is really no need to apply.
From the beginning, I wanted to carry out completely risk-free web3 innovation, which caused the market to question whether Hong Kong really intended to embrace web3.
This may be the sequelae, and the style is quite similar to ours.
I don't know how long this negative impact will last and how it will be resolved. Without Binance and OKX, Hong Kong web3 cannot believe that you can provide a safe, open and free innovation environment.
The capital of web3, this piece of fat meat is being grabbed by many people, and Hong Kong is still being picky, trying to complete innovation under the thinking of the tight ring, which is almost impossible.
We will wait and see how it will develop in the future.
However, no matter how the situation develops, it has almost no impact on us, so don't worry.
