BitMart, the premier global digital asset trading platform, has officially launched its new trading platform in Hong Kong. The goal of BitMart Hong Kong is to establish itself as a leader in the digital asset landscape in Hong Kong and offer diversified trading solutions to experienced traders and newcomers. Currently, BitMart Hong Kong supports spot trading of prominent digital assets such as Bitcoin, Ethereum, and Litecoin and aims to introduce new services to provide a broader range of trading possibilities for retail and institutional clients.
BitMart has been committed to upholding compliance standards and has been providing trading services to users in Hong Kong since 2018. With new regulations coming into effect on June 1, 2023, BitMart will continue its operation under the transitional arrangement while preparing to embrace a robust regulatory regime by submitting the Virtual Asset Service Provider (VASP) license application to the Securities and Futures Commission (SFC).
Security, regulation, anti-money laundering, and compliance are integral principles for BitMart. Hong Kong has emerged as a prominent destination for the cryptocurrency industry, and the introduction of the new VASP system by the Hong Kong government has established a robust regulatory framework, positioning Hong Kong as a leading global hub for digital assets.
BitMart’s founder and CEO, Sheldon Xia, emphasizes the platform’s commitment to providing a secure and compliant trading environment. BitMart has engaged a professional consulting team in Hong Kong, including former government officials from the SFC, to provide compliance consulting services and align its operations with the rules and policies stipulated by the SFC under the new regulatory regime.
BitMart Hong Kong is a digital asset trading platform exclusively catering to users in Hong Kong. The platform believes in the power of decentralized digital assets to reshape the global financial ecosystem, promoting efficient asset circulation, equitable resource allocation, and transparent transaction processes. BitMart Hong Kong prioritizes the security of user funds, implements robust anti-money laundering policies, and demonstrates unwavering compliance capabilities.