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 <h2 id="b-okx-s-growth-oriented-strategic-steps-b"><b>OKX’s Growth-Oriented Strategic Steps</b></h2> 
 <p><span style="font-weight: 400">Additionally, Li Zhikai claimed that the company </span><span style="font-weight: 400">expects</span><span style="font-weight: 400"> to acquire between 100,000 and 200,000 retail consumers in <a rel="noopener noreferrer nofollow" title="Hong Kong" href="https://thebittimes.com/tag/hong-kong.html">Hong Kong</a> within the first year after obtaining the VASP license. The exchange is working on a foundation like technological integration in addition to its primary goal of expanding into the retail sector. Since traditional financial institutions have always taken a skeptical stance toward the cryptocurrency market, <a rel="noopener noreferrer nofollow" title="OKX" href="https://thebittimes.com/tag/okx.html">OKX</a> constantly communicates with these organizations.</span></p>  
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 <p><span style="font-weight: 400">Li Zhikai also discussed the cooperation between the company and the English soccer club </span><span style="font-weight: 400">Manchester City</span><span style="font-weight: 400">. He expects that through forming this alliance, the people of Hong Kong would be better informed about the virtual currency business and its governance.</span></p> 
 <h2 id="b-a-rich-soil-for-crypto-b"><b>A Rich Soil for Crypto</b></h2>  
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 <p><span style="font-weight: 400">Hong Kong has supported the digital currency industry as a jurisdiction. HashKey, the city’s first regulated retail virtual asset exchange, began directly accepting USD and HKD deposits last month. Following in the footsteps of HashKey, more platforms like Huobi and Gate.io are awaiting </span><span style="font-weight: 400">regulatory certification</span><span style="font-weight: 400">.</span></p> 
 <p><span style="font-weight: 400">The regulatory authority has displayed its cautiousness by first restricting retail trading in <a rel="noopener noreferrer nofollow" title="Hong Kong" href="https://thebittimes.com/tag/hong-kong.html">Hong Kong</a> to Bitcoin and Ether. The percentage of one’s net income that may be invested is capped at 30%. These steps are designed to make crypto trading as safe and convenient as possible.</span></p>  
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 <p><span style="font-weight: 400">OKEx’s application for a VASP license in <a rel="noopener noreferrer nofollow" title="Hong Kong" href="https://thebittimes.com/tag/hong-kong.html">Hong Kong</a> represents a major milestone for the exchange and <a rel="noopener noreferrer nofollow" title="Hong Kong" href="https://thebittimes.com/tag/hong-kong.html">Hong Kong</a>’s efforts to establish itself as a leading cryptocurrency trading center on a worldwide scale. <a rel="noopener noreferrer nofollow" title="OKX" href="https://thebittimes.com/tag/okx.html">OKX</a> is prepared to seize this new market opportunity, with some preparatory steps already taken.</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/okx-s-hong-kong-license-application-approaches-final-stage-tbt61515.html">https://thebittimes.com/okx-s-hong-kong-license-application-approaches-final-stage-tbt61515.html</a></p>

OKX's Hong Kong License Application Approaches Final Stage

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