Hong Kong’s securities regulator has granted licences to four cryptocurrency exchanges, continuing its push to position itself as a leading global hub for digital asset trading. The approved exchanges—Accumulus GBA Technology (Hongkong) Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI)—bring the total number of licensed virtual asset trading platforms in the city to seven.
The latest approvals underscore Hong Kong’s long-term vision to become a central player in the digital asset market, as the competition heats up globally, with jurisdictions like Singapore and Dubai also vying for dominance in crypto regulation. Nick Ruck, director at LVRG Research, highlighted that this move strengthens Hong Kong’s stance amid rising global interest in cryptocurrencies.
Also Read: Bitcoin Surges to $100K as Trump Appoints Pro-Crypto SEC Chair
Earlier this year, Hong Kong launched Asia’s first spot bitcoin and ether exchange-traded funds (ETFs), and analysts predict that more trading platforms will lead to lower management fees for crypto ETFs, making them more attractive to investors. The growing presence of licensed platforms is expected to further boost Hong Kong’s crypto ecosystem.
Bitcoin’s value has surged by more than 50% since November, when pro-crypto Donald Trump was elected U.S. president, reaching a record high of over $107,000.
