@CryptoHub219
Tomorrow Today is a big day for the crypto industry!😮

Hong Kong will legalize crypto trading for retail investors - after its 3-year ban...

Here's Everything You MUST Know + Coins Which Could Benefit Most (2 will surprise you):👇

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Before we begin, 2 cool stats👀

• 93% of Hong Kong's 7.4 million citizens fall into the retail category

• Hong Kong is a very wealthy state with a GDP per capita of $50,000 (24th place in the world)

Now let's look at 3 arguments why Hong Kong's crypto adoption is bullish:👇

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1. Regulatory Momentum⚖️

Hong Kong's regulatory clarity might motivate other jurisdictions to follow suit

2. Investor Confidence👌

Since Hong Kong is the 4th largest financial hub, them embracing crypto could boost investor confidence

3. Impact on China🇨🇳

China & Hong Kong have very close ties. Hong Kong's move to permit retail crypto trading might signal similar future laws in mainland China

So, which cryptos will Hongkongers be able to buy?🤔

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From what we know, there are 2 criteria for getting listed in Hong Kong:

🔸The crypto needs to be listed on at least 2 index funds
🔸The crypto should be around for more than 1 year

3 crypto exchanges have already announced the cryptos they plan on listing on their exchanges

Let's have a look at each:👇

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•
@HuobiGlobal
: $BTC, $ETH and "other major cryptocurrencies"

•
@gate_io
: $BTC, $ETH, $LTC, $BCH, $DOT, $MATIC, $SOL & $UNI

•
@okx
: $BTC, $ETH, $MATIC, $SOL, $DOT, $UNI, $LINK, $LTC, $AVAX, $ATOM, $XLM

But OKX even mentioned 2 Metaverse coins, which are: $SAND and $AXS 👀

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As Hong Kong prepares to open its doors to retail trading tomorrow, it's a big moment that everyone in the #crypto world is watching closely


https://twitter.com/CryptoHub210/status/1664012492316573702