There are myriad coin exchanging services but not all of them are allowed to operate in Hong Kong, preventing you to exchange HKD for Bitcoin and other cryptocurrencies. ChangeNow is already preparing to get a proper trading license from the SFC and the coin exchanging service has seen whopping 62-percent jump in total number of users and more than 200% jump in overall revenue.
The most popular crypto currencies on ChangeNow in Hong Kong are Tron (TRX), Polygon (Matic), USDT and USDC stablecoins. ChangeNow has confirmed on twitter that they will be applying for a license from SFK once the new regime comes into power.
More than 800 crypto assets are available on the ChangeNow portal. The websites is already available in Mandarin and Cantonese version is will go online in second quarter of 2023.
ChangeNow is not a new player. It has been around 2017 and allows users to change their assets without any KYC or registration.
Stay tuned for the details regarding their legal status. There are no changes in the flow of operations on ChangeNow platform, despite them applying for a trading license from SFC.