Binance, Exchanges

Is Binance Available in Hong Kong?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now available in Hong Kong. The exchange announced the news on Twitter, saying that it has “opened its doors” to the city.

Binance first launched in Hong Kong in September of last year, but stopped serving customers in the city after the Chinese government cracked down on cryptocurrency exchanges. The exchange then relocated to Japan, before eventually moving to Malta.

Now, it seems that Binance is back in Hong Kong, though it’s not clear if the exchange has obtained a license from the city’s regulator, the Securities and Futures Commission (SFC). Binance CEO Changpeng Zhao has said in the past that the exchange is “working on” getting a license from the SFC.

NOTE: As of July 2020, Binance is not available in Hong Kong. It has been reported that Binance received a notice from the Hong Kong Security and Futures Commission (SFC) to cease operations in the region. As such, anyone trading on Binance from Hong Kong may be doing so illegally, and could be subject to legal action. We advise users to exercise caution when trading with Binance in Hong Kong.

The SFC has been cracking down on unlicensed cryptocurrency exchanges in recent months. In March, it issued a warning to investors about the risks of trading on these exchanges, and said that it was “closely monitoring” their activities.

Binance is one of the most popular cryptocurrency exchanges in the world, with a 24-hour trading volume of over $1 billion. The exchange offers a wide variety of digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple.

It is not clear if Binance has obtained a license from the Securities and Futures Commission (SFC) to operate in Hong Kong. However, the exchange is one of the most popular cryptocurrency exchanges in the world and offers a wide variety of digital assets.

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