👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Bybit Expands to Hong Kong Amidst Regulatory Crackdown in US

Published 04/03/2023, 08:50 AM
Updated 04/03/2023, 09:00 AM
Bybit Expands to Hong Kong Amidst Regulatory Crackdown in US

  • Bybit has been eyeing an expansion to Hong Kong amidst the regulatory crackdown on crypto in the US.
  • Hong Kong is hoping to become a crypto hub again and has been trying to lure more crypto entities.
  • Some platforms have expressed concerns that the proposed regulations in Hong Kong may be too conservative.
Dubai-based crypto exchange Bybit has recently announced plans to expand its operations to Hong Kong. Along with this expansion, the platform aims to establish a research and development forum, as well as marketing groups that will operate in the city.

Bybit's move to Hong Kong comes amidst the current regulatory climate, with the ongoing regulatory crackdown on crypto in the United States playing a significant role in their efforts to attract more crypto entities.

Bybit Secures License

...

Continue Reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.