OKX, the world’s second-largest crypto exchange by trading volume, has enhanced its app to offer safe and secure spot trading of virtual assets to users in Hong Kong. The app allows users to buy, sell, and hold 16 major cryptocurrencies and adheres to high standards of security, trading technology, and risk controls.

OKX has set up a Hong Kong entity and has been working closely with regulatory authorities to meet the requirements for virtual asset service providers (VASPs) in the city. Additionally, OKX is one of the few major crypto exchanges to publish its crypto holdings monthly through its Proof of Reserves. The latest upgrade to the app introduces zk-STARK zero-knowledge technology, allowing users to independently verify the exchange’s solvency.

Lennix Lai, OKX Global Chief Commercial Officer, stated that the company is committed to offering users a secure and intuitive crypto trading experience in line with the latest requirements from the Hong Kong government. The app allows Hong Kong users to buy, sell, and convert 16 major virtual assets using HKD, peer-to-peer (P2P) transactions, or through third-party providers like ApplePay, Visa, and Mastercard. In the coming months, OKX plans to release additional features to enrich and diversify the user experience.

Since its inception in 2017, OKX has had a total trading volume of over USD 1 trillion and focuses on providing institutional grade security and compliance. OKX is a world-leading technology company that aims to build the future of Web3. The company offers self-custody solutions, including the OKX Wallet, which enables users to have greater control over their assets and access to various decentralized applications and platforms.

In addition to its technological advancements, OKX has partnered with top brands and athletes, including Manchester City F.C., McLaren Formula 1, and golfer Ian Poulter. The company emphasizes transparency and security and publishes its Proof of Reserves on a monthly basis.