OKX HK withdraws VASP license application

Posted on May 24, 2024 Reading time 2 minutes

Dear Hong Kong users,

After careful consideration of the business development prospects, we have decided to withdraw OKX HK’s license application.

Starting from May 31, 2024 (Friday), OKX will stop providing centralized virtual asset trading services to Hong Kong users in accordance with regulatory requirements. The relevant arrangement does not affect the withdrawal service, and users do not need to worry about the safety of their funds. After May 31, OKX will only support Hong Kong users to withdraw funds.

OKX Web3 (self-hosted wallet) product services are not affected and will continue to provide services to Hong Kong users.

What is going on here? Do you know any inside information?