The Hong Kong Securities and Futures Commission has granted licenses to four cryptocurrency exchanges.

This is part of efforts to establish the city as a global hub for digital asset trading.

The newly licensed platforms are Accumulus GBA Technology (Hong Kong) Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology.

This approval increases the total number of licensed virtual asset trading platforms in Hong Kong to seven, following earlier approvals for HashKey, OSL, and HKVAX.