Country Guide
Best Crypto Exchanges in Hong Kong (2026)
Hong Kong is positioning itself as a global crypto hub with its new licensing regime. We've tested the top exchanges offering HKD deposits, SFC compliance, and competitive fees.
By Itai Varochik | Updated February 21, 2026
Top Exchanges in Hong Kong
| # | Exchange | Best For | Fees | Type |
|---|---|---|---|---|
| 1 | OKX | Overall trading | 0.08% spot | Global (HK presence) |
| 2 | Bybit | Derivatives | 0.1% spot | Global |
| 3 | Crypto.com | Mobile app | 0.075% maker | Global (HK HQ) |
| 4 | Binance | Liquidity | 0.1% spot | Global |
| 5 | HashKey | Regulatory compliance | 0.12% spot | Local (SFC licensed) |
Hong Kong has taken a proactive approach to cryptocurrency regulation, establishing itself as one of Asia's leading crypto hubs. The Securities and Futures Commission (SFC) introduced a licensing regime for virtual asset trading platforms (VATPs) in 2023, providing clarity and consumer protections for traders.
How We Chose the Best Exchanges for Hong Kong
We prioritized exchanges with SFC licensing or applications in progress, HKD deposit support, competitive trading fees, security standards, and the range of available trading pairs. Compliance with Hong Kong's regulatory requirements was a key factor.
Key Considerations for Hong Kong Traders
The SFC's licensing regime requires platforms to meet strict standards for custody, security, KYC, and AML compliance. Licensed exchanges can serve retail clients, while unlicensed platforms face restrictions. Look for exchanges that hold or are actively pursuing an SFC license.
Payment Methods
Hong Kong traders can deposit HKD via bank transfer (FPS is widely supported for instant transfers), credit/debit cards, and some platforms support e-wallets. FPS (Faster Payment System) transfers are typically free and instant.
Crypto Regulations in Hong Kong
Hong Kong's SFC (Securities and Futures Commission) requires cryptocurrency exchanges to obtain a VATP license to serve retail investors. The regime was introduced in June 2023 and emphasizes consumer protection, custody standards, and AML compliance. Hong Kong does not charge capital gains tax, making it attractive for crypto traders.
Frequently Asked Questions
Is cryptocurrency legal in Hong Kong?
Yes, cryptocurrency is legal and regulated in Hong Kong. The SFC oversees crypto exchanges through the VATP licensing regime introduced in 2023.
Do I pay tax on crypto gains in Hong Kong?
Hong Kong does not impose capital gains tax. However, crypto profits from trading as a business activity may be subject to profits tax.
What is a VATP license?
A Virtual Asset Trading Platform license is issued by Hong Kong's SFC and is required for exchanges serving retail clients. It ensures compliance with security, custody, and AML standards.