Crypto Exchange Independent Reserve Considering Expansion to Hong Kong

Independent Reserve Considering will expand to Hong Kong

Independent Reserve, an Australia-based crypto exchange, is considering setting up a new base in Hong Kong following the city's proposed licensing regime for cryptocurrency exchanges, set to take effect in June. The move would follow those of other crypto exchanges such as Huobi and OKX. However, Adrian Przelozny, Independent Reserve's CEO, noted that while Hong Kong's "friendly" licensing regime makes it a worthy destination, his team will visit the region to determine if it is suitable to expand, including assessing costs and potential returns on investment.