It was reported on October 24 that compared to the United States or Europe where it is relatively easy to buy and sell cryptocurrencies on regulated exchanges, Hong Kong’s physical crypto store is a unique trademark that provides individuals with another way to access crypto. Kelvin Yeung, CEO and founder of Hong Kong Digital Asset Exchange (HKD), said that the HKD cryptocurrency exchange was established in 2019, and the physical store was established in January this year. They employ more than 30 employees to provide customer service.
Yeung further stated that the behavior of HKD’s store is similar to that of a traditional bank, giving customers the opportunity to experience the purchase of cryptocurrency in person and obtain face-to-face consulting services. He believes that as cryptocurrencies become mainstream, retail stores are likely to become a global trend. Although over-the-counter cryptocurrency exchanges such as HKD and CoinerHK provide cryptocurrency services in Hong Kong, there are many regulatory risks associated with these types of institutions.