According to the South China Morning Post, Su Zhu, co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, will continue to promote OPNX, an exchange with ties to Hong Kong.
According to reports, OPNX registered an office in Hong Kong’s central business district as early as May last year. Mark Lamb, the former CEO of cryptocurrency derivatives exchange CoinFlex, was listed as a director, but the specific location of the headquarters was not announced.
In addition, OPNX revealed to the media in April last year that it planned to move to Hong Kong and this decision was supported by investors. Hong Kong's new virtual asset regulatory rules will take effect in June 2023, requiring all cryptocurrency trading platforms that do business in Hong Kong or provide services to Hong Kong investors to obtain a Securities and Futures Commission license, but give exchanges one year to do so. Get permission,
OPNX did not immediately respond to a request for comment about its operations in Hong Kong or whether it has plans to comply with Hong Kong encryption regulations.