In response to the evolving regulatory landscape in Hong Kong, cryptocurrency exchange and derivative trading platform BitMEX has announced the launch of a dedicated mobile app exclusively for its Hong Kong user base.
The move aims to comply with the Securities and Futures Commission’s (SFC) efforts to establish appropriate standards for digital assets while providing the usual trading experience for the growing crypto community in the region.
Transitioning To BitMEX Hong Kong
According to an announcement published earlier today, this latest move is to take effect as of May 29, 2023. Existing BitMEX users domiciled in Hong Kong will no longer have access to BitMEX’s services through the existing website or API connections as of this date. Instead, these users will be transferred to BitMEX’s affiliated entity in Hong Kong, HDR BMEX Limited.
The transition is said to be facilitated through the BitMEX Hong Kong mobile app, which will be the exclusive platform for Hong Kong users moving forward.
Aside from being prompted by the SFC’s changing regulatory environment in Hong Kong, the BitMEX Hong Kong…