NCX Cryptocurrency Exchange Initiates Application for Virtual Asset Service Provider License in Hong Kong

Grand News Network | January 19, 2024

Dubai, United Arab Emirates, 19th Jan 2024, King NewsWireIn a strategic move towards bolstering its presence in the rapidly evolving cryptocurrency landscape, NCX Cryptocurrency Exchange has officially applied for a Virtual Asset Service Provider (VASP) license in Hong Kong. The move comes on the heels of Hong Kong’s embrace of crypto in 2023, as the nation introduced a licensing regime, allowing crypto exchanges to cater to retail customers.


NCX Cryptocurrency Exchange Initiates Application for Virtual Asset Service Provider License in Hong Kong


NCX, a pioneer in the Hybrid Cryptocurrency Exchange and Trading Platform, is at the forefront of ushering in a new era of trust and transparency in the crypto market. Bridging the gap between traditional finance and decentralized finance (DeFi), NCX envisions onboarding billions into web3 through its cutting-edge and breakthrough platform, offering simplicity, trust, and intuitiveness.

The platform distinguishes itself by combining the benefits of true ownership, high-grade security, on-chain transparency from decentralized finance, with the convenience of fiat onramp payment options, institutional-grade liquidity, low fees, versatile asset management, trading features, dedicated support, and accessibility found in centralized exchanges.

Key Features of NCX Platform:

  • Crypto Exchange: The platform facilitates the buying, selling, and trading of over 200 crypto assets. Users can also purchase crypto using more than 90 fiat currencies and 16 payment methods, including credit cards, SWIFT, SEPA, Apple Pay, and Google Pay.


  • Derivatives Trading: NCX offers a robust derivatives trading platform, allowing users to trade 500 derivatives markets with up to 200x leverage. This includes crypto derivatives, stocks from US, EU, and Asian markets, commodities, forex, indices, and ETFs.


  • DeFi Exchange: NCX’s Cross Chain Decentralized Exchange enables users to swap over 500k tokens across 10 chains. The platform also provides a Non-Custodial Wallet for storing, sending, swapping, buying crypto assets, and NFTs across 12 chains, ensuring users have control over their private keys.


  • Crypto Debit Card: NCX introduces its own Crypto Debit Card, empowering users to make payments with crypto at 44 million merchants globally. The card, powered by MasterCard, facilitates online payments and ATM withdrawals.

Native Token – NCXT:

At the core of the NCX Digital ecosystem lies the native token, NCXT. Functioning as a transferable representation of utility functions within the platform’s protocol, NCXT serves as a decentralized medium of exchange between participants. This multi-utility token is designed to seamlessly integrate within the NCX Digital platform, further enhancing user experience and functionality.

NCX’s move to secure a VASP license in Hong Kong underscores its commitment to regulatory compliance and sets the stage for further expansion in the region. The platform continues to push boundaries, offering a comprehensive suite of features to meet the diverse needs of both novice and seasoned cryptocurrency enthusiasts. As NCX progresses, it remains dedicated to simplifying the complexities of the crypto landscape and ushering in a new era of financial inclusivity.


Web: https://ncx.cx/

Twitter: https://twitter.com/NCX CX

Instagram: https://www.instagram.com/ncx.cx

Telegram: https://t.me/NCX Official



Media Contact

Organization: NCX Digital Exchange L.L.C.

Contact Person: Andrea Richardson

Website: https://ncx.cx/

Email: Send Email

City: Dubai

Country: United Arab Emirates

Release Id: 1901249025

The post NCX Cryptocurrency Exchange Initiates Application for Virtual Asset Service Provider License in Hong Kong appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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