BitMart officially applies for virtual asset trading license from the Hong Kong Securities and Futures Commission

According to the latest disclosure on the official website of the Securities and Futures Commission (SFC) of Hong Kong, BitMart, a world-renowned crypto trading platform, has officially submitted an application for a virtual asset trading platform (VATP) license through its local entity Spread Technologies Hong Kong Limited on June 27, 2025, further expanding its compliance layout in the Hong Kong market.

This application means that BitMart has officially joined the "candidate camp" for Hong Kong's virtual asset trading license. As of now, the official website of the SFC shows that there are 10 license application platforms under review, and 11 licensed platforms, including pioneers such as HashKey Exchange and OSL. At the same time, since the implementation of the new regulations, a total of 15 projects have withdrawn or been returned, and some applicants have submitted multiple applications.

BitMart's application may be seen as an important step in its strategy to strengthen compliance operations globally. Previously, the platform has promoted registration and audit processes in multiple jurisdictions, and gradually tightened user access and asset transparency mechanisms.

Industry insiders pointed out that Hong Kong's licensing system is entering a "strict selection stage", and regulatory authorities are conducting detailed reviews of applicants' business sustainability, governance structure, asset security mechanisms, etc. It is expected that the final approved party will become one of the few trading platforms in the Asian market that can legally operate under the regulatory framework.

Against the backdrop of the general trend of prudent supervision in major global crypto markets, Hong Kong still adheres to the strategic direction of "prudent inclusion" and is committed to building a sustainable, transparent virtual asset ecosystem that is well connected with traditional finance.