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13 SFC-licensed platforms · all SFC lists · stablecoin licences

Hong Kong · SFC Trading-Platform Licences and HKMA Stablecoin Licences

13 Virtual Asset Trading Platforms Are Licensed by the SFC (Read 22 Oct 2026), and the HKMA Has Licensed 2 Stablecoin Issuers.

Which crypto trading platforms hold an SFC licence, which are only applicants or deemed licensed, which withdrew, and who may issue stablecoins. SFC lists read 22 Oct 2026; HKMA register read 22 Oct 2026. Who is licensed →

Matrixport HK must close down · 82 days left

13

SFC-licensed trading platforms

6 licensed since January 2025.

All lists

5

Applicants, not licensed

2 deemed to be licensed.

Crypto.com, Bybit, WhaleFin, bitV, Nebulas

18

Applications withdrawn or returned

7 in May 2024 alone.

Matrixport HK, BitMart, Gate.HK, Huobi HK, OKX

2/36

Stablecoin licences / applications

HKMA, first batch.

Register

4

Majors on no list

Binance, Coinbase, Kraken, KuCoin

82

days until Matrixport HK must close down (12 Jan 2027)

SFC

67

suspicious trading platforms on the SFC alert list

SFC

7

applications withdrawn in May 2024, before the grace period ended on 1 June

SFC

Every Firm We Track

41 of 41 · CSV

SFC applicationSources
BullishBullish HK Markets Limited Trading platform (VATP) SFC licensedsince 18 Feb 2025 Licence granted SFC lists of VATPs official
SFC public register BUQ956 official
HashKey ExchangeHash Blockchain Limited Trading platform (VATP) SFC licensedsince 9 Nov 2022 Licence granted SFC lists of VATPs official
SFC public register BPL992 official
OSL ExchangeOSL Digital Securities Limited Trading platform (VATP) SFC licensedsince 15 Dec 2020 Licence granted SFC lists of VATPs official
SFC public register BPJ213 official
AnchorpointAnchorpoint Financial Limited Stablecoin issuer HKMA stablecoin licenceFRS01 · 10 Apr 2026 No SFC application listed HKMA register official
HKMA press release official
HSBCThe Hongkong and Shanghai Banking Corporation Limited Stablecoin issuer HKMA stablecoin licenceFRS02 · 10 Apr 2026 No SFC application listed HKMA register official
HKMA press release official
Crypto.comForis DAX HK Limited Trading platform (VATP) Deemed licensed (not formal)not formally licensed Pending SFC lists of VATPs official
BybitSpark Fintech Limited Trading platform (VATP) Applicantapplied 6 Jun 2025 Pending SFC lists of VATPs official
Matrixport HKFlying Hippo Technologies Limited Trading platform (VATP) Must close downclose by 12 Jan 2027 Withdrawn SFC lists of VATPs official
BitMartSpread Technologies Hong Kong Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 28 Aug 2025 Withdrawn SFC lists of VATPs official
Gate.HKGate Digital Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 22 May 2024 Withdrawn SFC lists of VATPs official
Huobi HKHBGL Hong Kong Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 14 May 2024 Withdrawn SFC lists of VATPs official
OKXOKX Hong Kong FinTech Company Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 24 May 2024 Withdrawn SFC lists of VATPs official
JPEXJP-EX Crypto Asset Platform Pty Ltd JPEX Technical Support Co. Pty Ltd — SFC alert listsince 8 Jul 2022 No SFC application listed SFC alert list official
SFC lists of VATPs official
MEXCMEXC — SFC alert listsince 9 Feb 2024 No SFC application listed SFC alert list official
SFC lists of VATPs official
Binance — On no list No SFC application listed SFC lists of VATPs official
SFC alert list official
HKMA register official
Coinbase — On no list No SFC application listed SFC lists of VATPs official
SFC alert list official
HKMA register official
Kraken — On no list No SFC application listed SFC lists of VATPs official
SFC alert list official
HKMA register official
KuCoin — On no list No SFC application listed SFC lists of VATPs official
SFC alert list official
HKMA register official
AccumulusAccumulus GBA Technology (Hongkong) Co., Limited Trading platform (VATP) SFC licensedsince 18 Dec 2024 Licence granted SFC lists of VATPs official
SFC public register BUA970 official
BGEHong Kong BGE Limited Trading platform (VATP) SFC licensedsince 17 Jun 2025 Licence granted SFC lists of VATPs official
SFC public register BSI739 official
Bixin.comNewBX Limited Trading platform (VATP) SFC licensedsince 18 May 2026 Licence granted SFC lists of VATPs official
SFC public register BUY737 official
DFX LabsDFX Labs Company Limited Trading platform (VATP) SFC licensedsince 18 Dec 2024 Licence granted SFC lists of VATPs official
SFC public register BUN619 official
EX.IOEXIO Limited Trading platform (VATP) SFC licensedsince 18 Dec 2024 Licence granted SFC lists of VATPs official
SFC public register BUT670 official
HKbitEXHong Kong Digital Asset EX Limited Trading platform (VATP) SFC licensedsince 18 Dec 2024 Licence granted SFC lists of VATPs official
SFC public register BPO721 official
HKVAXHong Kong Virtual Asset Exchange Limited Trading platform (VATP) SFC licensedsince 3 Oct 2024 Licence granted SFC lists of VATPs official
SFC public register BPW549 official
PantherTradePanthertrade (Hong Kong) Limited Trading platform (VATP) SFC licensedsince 27 Jan 2025 Licence granted SFC lists of VATPs official
SFC public register BUY578 official
VDXVictory Fintech Company Limited Trading platform (VATP) SFC licensedsince 13 Feb 2026 Licence granted SFC lists of VATPs official
SFC public register BTF116 official
YAXYAX (Hong Kong) Limited Trading platform (VATP) SFC licensedsince 27 Jan 2025 Licence granted SFC lists of VATPs official
SFC public register BUT913 official
WhaleFinWhalefin Markets Limited Trading platform (VATP) Deemed licensed (not formal)ceased operating (SFC) Pending SFC lists of VATPs official
bitVHighBlock Limited Trading platform (VATP) Applicantapplied 6 Feb 2024 Pending SFC lists of VATPs official
NebulasNebulas Hong Kong Limited Trading platform (VATP) Applicantapplied 25 Oct 2024 Pending SFC lists of VATPs official
AmmbrAMMBR (HK) LIMITED Trading platform (VATP) Application withdrawn/returnedwithdrawn 6 Oct 2023 Withdrawn SFC lists of VATPs official
Bitcoin WorldBitcoin World Technology Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 10 Jul 2025 Withdrawn SFC lists of VATPs official
BitHarbourBitHarbour (Hong Kong) Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 29 Jan 2024 Withdrawn SFC lists of VATPs official
HKDAXHong Kong Digital Asset Xchange Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 9 Oct 2024 Withdrawn SFC lists of VATPs official
HKVAEXBX SERVICES LIMITED Trading platform (VATP) Application withdrawn/returnedwithdrawn 28 Mar 2024 Withdrawn SFC lists of VATPs official
HKXhi5 (Hong Kong) Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 17 Jul 2024 Withdrawn SFC lists of VATPs official
IBTCEXWillows Asia Technology Company Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 13 May 2024 Withdrawn SFC lists of VATPs official
MeexMeex Digital Securities Limited Trading platform (VATP) Application withdrawn/returnedreturned 7 Feb 2024 Returned by SFC SFC lists of VATPs official
QuanXLabQuanX Lab Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 13 May 2024 Withdrawn SFC lists of VATPs official
VAEXHong Kong VAEXC Limited Trading platform (VATP) Application withdrawn/returnedwithdrawn 24 May 2024 Withdrawn SFC lists of VATPs official

Sources: SFC lists of virtual asset trading platforms (read 22 Oct 2026), HKMA stablecoin register and SFC alert list. Brand = platform name as listed by the SFC. Methodology.

Hong Kong crypto licensing: key dates2023-06-01 VATP licensing starts; 2024-06-01 Non-contravention period ends; 2025-08-01 Stablecoin regime starts; 2026-04-10 First stablecoin licences; 2027-01-12 Matrixport HK close-downHong Kong crypto licensing: key datesTrading platforms (SFC) and stablecoin issuers (HKMA)Today1 Jun 2023VATP licensing starts1 Jun 2024Non-contravention period ends1 Aug 2025Stablecoin regime starts10 Apr 2026First stablecoin licences12 Jan 2027Matrixport HK close-downSources: SFC; HKMA. VASP Tracker
Sources: SFC circular 23EC27, SFC statement, HKMA, SFC lists.
Hong Kong crypto exchange applications removed23 Q3: Withdrawn by applicant 0, Returned by the SFC 0; Q4: Withdrawn by applicant 1, Returned by the SFC 0; 24 Q1: Withdrawn by applicant 3, Returned by the SFC 1; Q2: Withdrawn by applicant 7, Returned by the SFC 0; Q3: Withdrawn by applicant 1, Returned by the SFC 0; Q4: Withdrawn by applicant 1, Returned by the SFC 1; 25 Q1: Withdrawn by applicant 0, Returned by the SFC 0; Q2: Withdrawn by applicant 0, Returned by the SFC 0; Q3: Withdrawn by applicant 2, Returned by the SFC 0; Q4: Withdrawn by applicant 0, Returned by the SFC 0; 26 Q1: Withdrawn by applicant 0, Returned by the SFC 0; Q2: Withdrawn by applicant 0, Returned by the SFC 0; Q3: Withdrawn by applicant 0, Returned by the SFC 0; Q4: Withdrawn by applicant 1, Returned by the SFC 0Hong Kong crypto exchange applications removedApplications withdrawn or returned, by quarter of removal from the SFC's applicant listWithdrawn by applicantReturned by the SFC02468023 Q311Q431424 Q177Q211Q3112Q4025 Q10Q222Q30Q4026 Q10Q20Q311Q4Source: SFC lists of VATPs. VASP Tracker
18 applications (16 companies). Source: SFC.

Analysis

Key Dates

  1. Deadline

    Matrixport HK Must Close Down

    SFC lists

Full timeline →

Cite This Page

VASP Tracker, “Hong Kong Crypto Licence Tracker: SFC and HKMA”, https://vasptracker.com/en/hk/ (accessed 22 Oct 2026). CC BY 4.0.