BitMEX, a cryptocurrency exchange and derivative trading platform, has launched a mobile app exclusively for its Hong Kong user base in response to the changing regulatory landscape in the region.

The move aims to comply with the Securities and Futures Commission's efforts to establish appropriate standards for digital assets while providing an improved trading experience for the growing crypto community in Hong Kong.

Existing BitMEX users domiciled in Hong Kong will be transferred to BitMEX's affiliated entity in Hong Kong, HDR BMEX Limited, through the BitMEX Hong Kong mobile app, which offers an array of features designed to provide users with real-time access to account information, portfolio management, and various trading options.

The transition is set to happen on May 29, 2023, with no deductions or fees, and existing verified Hong Kong users will not be required to undergo other verification or KYC checks.