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Hong Kong Attracts 22 Applicants for Crypto Exchange Licenses
Twenty-two companies applied for licenses to operate digital-asset exchanges in Hong Kong, including larger players like Bybit, OKX and Crypto.com, as the city tries to develop a regulated hub for the industry. Gate.io, HTX and Bullish were among others with notable trading volumes to feature on the list. Hong Kong imposed a Feb. 29 deadline for applications and platforms that haven’t submitted must cease services by the end of May. The world’s largest exchange Binance was absent from the list. So was Coinbase, the top US platform, and Kraken, another popular trading venue. The crypto industry will sift through ... (full story)