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Top 5 Cryptocurrency Exchanges In Hong Kong
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Hong Kong being the foremost financial hub of the world plays a key role in the global crypto ecosystem. The city plays a significant role in the fintech space and is thus, considered as a magnet for both talent and capital. Hong Kong is also renowned for its ease of doing business and has thus, attracted numerous crypto startups. It is an abode to a vibrant crypto-focused funds community and advisory firms. The proximity of the city to the Chinese market - the largest Bitcoin mining market in the world, also contributes to attracting a huge volume of people who are beginning to adopt cryptocurrency. Hence, one can find myriad cryptocurrency exchanges in Hong Kong to trade upon.
Following is the list of top 5 digital currency exchanges in Hong Kong:
Bit-Z is counted as one of the largest cryptocurrency exchanges of the world. This digital currency exchange of Hong Kong was founded in 2016 and has a global presence at present. It is continuing to expand its horizons at a rapid pace. The Bit-Z platform provides its users with the option of using their professional trading portfolio services or perform retail over-the-counter trading. The exchange accepts US dollars or Chinese yuan for purchasing cryptocurrencies via fiat.
In comparison to other crypto exchanges, Bit-Z levies a fees as low as 0.5% for Bitcoin withdrawals and has so far possess an excellent security record, with zero hacks reported in the company’s short history till now.
BTCC - China’s first Bitcoin exchange was found in 2011 and has been a key player in the Chinese crypto ecosystem. The firm was recently acquired by a blockchain investment fund based in Hong Kong. Being one of the most active crypto exchanges in the world, a $25b of bitcoin trading activity was observed in 2017 alone. After the acquisition, BTCC has now shifted its presence to Hong Kong and will use its injection of funds to expand its services globally.
OKCoin moved its international headquarters to Hong Kong from Beijing last year where it was originated. This cryptocurrency exchange in hong kong allows investors to perform spot trades between a wide array of cryptocurrencies and numerous fiat currencies. The company entered Korean market last year which was backed by heavy funding from one of Korea’s largest conglomerates, NHN. This move brought the exchange in direct competition with Bithumb - a leading cryptocurrency exchange of the Korean market.
Genesis Block is renowned as one of the largest over-the-counter cryptocurrency trading floors in Hong Kong. The firm was found in 2017 and has grown exponentially with support for over 1,000 cryptocurrencies. As part of its trading offerings, Genesis Block also provides miner reselling services, crypto ATMs and direct crypto selling services. The Genesis Block has also contributed in the inception of Bitcoin Cash as one of its initial minings was performed one of the miners of Genesis Block. The firm is also renowned for being extremely active in the crypto ecosystem of Hong Kong through frequent participations in events hosted for entrepreneurs and investors.
Gatecoin is one of the rapidly-growing Ethereum and Bitcoin exchanges in Hong Kong. The firm was found in 2013 and is one of the first major crypto exchanges in Hong Kong and remains active till present. Gatecoin suffered a high-profile hack in 2016 but rebounded from the setback and since then it did not look back. Additionally, the firm also allows its users to buy BTC and ETH using USD, HKD and EUR fiat currencies.
Hong Kong being one of the most fertile lands for cryptocurrency exchanges in the world, one can expect to see new advancements in the crypto ecosystem of the Hong Kong that will eventually revolutionize the finance and banking world.
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