The Block27 minutes ago

Published on February 01, 2024 10:09 GMT+00:00edited on February 01, 2024 10:14 GMT+00:00

Crypto exchange Bybit has applied for a license in Hong Kong to operate as a “virtual asset trading platform,” the company said today in a statement shared with The Block.

The Hong Kong Securities and Futures Commission’s website shows that Bybit submitted its license application on Wednesday through the entity Spark Fintech Limited. The financial regulator is officially reviewing applications from 14 crypto firms, including OKX, which filed its application on Nov. 16, according to the website.

“Obtaining a VATP license in Hong Kong is a significant step for Bybit,” the exchange said in the statement. “The city's strategic location and established financial infrastructure make it an ideal base for our operations and institutional clients, serving the Asia Pacific region.”

HKVAEX, a …