OKX collaborates with Pulsar to enhance market liquidity for Hong Kong users
Pulsar has become OKX's designated liquidity provider in Hong Kong, enhancing OKX's market efficiency, providing Hong Kong users with more competitive pricing, and further improving the liquidity of the order book.Author: OKX
On July 7, 2023, OKX, the second-largest cryptocurrency exchange by global trading volume and a leading Web3 technology company, partnered with market maker Pulsar to enhance market liquidity for users in Hong Kong. OKX is committed to adopting global best practices from the traditional financial industry and regulatory requirements for Virtual Asset Service Providers (VASP) in Hong Kong, further standardizing its virtual asset trading platform by introducing services from top liquidity providers.
Through this collaboration, Pulsar has become OKX's designated liquidity provider in Hong Kong, improving OKX's market efficiency and providing Hong Kong users with more competitive pricing while further enhancing the liquidity of the order book. Founded in 2014, Pulsar has significant influence in the global market and has partnerships with over 60 trading platforms (including more than 600 trading pairs).
Lennix Lai, Global Chief Business Officer of OKX, stated, "By leveraging Pulsar's expertise and experience in market making and providing trading liquidity, we can offer users more competitive pricing and tighter spreads, further enhancing the stability of the OKX trading platform. This collaboration also helps align OKX's virtual asset trading platform with the best practices in ensuring market liquidity and fairness across the industry and traditional finance. Looking ahead, we will continue to improve the efficiency of the OKX trading platform and provide users with a safe and suitable trading experience."
Pulsar CEO Jacky Chung said, "We are honored to partner with OKX, a leading exchange that shares our common goal of providing a competitive pricing and flexible trading experience. We look forward to accelerating the future development and application of virtual assets in Hong Kong through our collaboration with OKX."
In March, OKX announced the establishment of a Hong Kong company to apply for a VASP license under the new regulatory framework in Hong Kong. OKX has also updated its trading platform application in accordance with the latest regulatory requirements for VASPs in Hong Kong, allowing users to buy, sell, and hold 16 major cryptocurrencies. In the coming months, OKX will continue to enhance its application, exploring and launching new features to enrich and diversify the experience for users in Hong Kong.
About OKX
OKX is the second-largest cryptocurrency exchange by trading volume globally and a leading Web3 technology company. OKX has developed a cryptocurrency trading application that combines speed and reliability, favored by over 50 million investors and professional traders worldwide.
OKX collaborates closely with Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, aiming to enhance fan experiences through innovative interactions. Additionally, OKX is a top partner of the Tribeca Festival, dedicated to attracting more creators into the Web3 space.
Beyond exchange services, OKX has recently launched the OKX Web3 wallet service, providing users with access to trade GameFi and DeFi tokens, and explore the realms of NFTs and the metaverse.
OKX is committed to enhancing transparency and security, publishing its proof of reserves report monthly.
For more information about OKX, please download our app or visit okx.com.
Disclaimer
This announcement is for informational purposes only. It is not intended to provide any investment, tax, or legal advice and should not be construed as an offer to buy, sell, or hold digital assets. Holding digital assets, including stablecoins, carries a high level of risk, and market volatility may be significant, potentially resulting in the loss of the entire value of your assets. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You are solely responsible for your investment decisions, and OKX will not be liable for any losses. Past performance is not indicative of future results. If you have any questions regarding your specific situation, please consult your legal/tax/investment advisor.
