HKVAX

HKVAX is a Hong Kong virtual asset exchange for professional and institutional clients, founded in 2019. Its customers are institutions, professional investors and high-net-worth individuals rather than retail users.

Services

The platform offers OTC dealing between USD or HKD and crypto assets, exchange trading and custody. Listed assets are BTC, ETH, USDT and USDC. According to the service page, OTC trades settle the same day on a T+0 basis, which is useful for desks that need fast conversion between fiat and stablecoins.

Entity and licences

The operator is Hong Kong Virtual Asset Exchange Limited. The company states that it holds SFC Type 1 and Type 7 licences and operates under the AMLO regime. These are claims published by the provider.

Contacts

The official site publishes a contact channel and a business press contact.

What to ask

Fee levels, minimum order sizes and onboarding requirements are not given in the description. Institutions should ask HKVAX for its client acceptance process and for its custody arrangements before moving assets.