Top 5 Hong Kong Bitcoin Startups To Watch

bitcoin1In the past couple months, the Bitcoin space in Hong Kong has been teeming with competition, with Bitcoin Group HK launching the city’s first ATM on Friday.

According to the SCMP, Bitcoin exchange ANXBTC was hot on their trail with their own machine release just hours after. While those two companies duked it out last week, a third will soon arrive on the scene. Alitobit, will be launching their own machines starting next month.

In light of these recent developments, we’re adding two more companies also innovating in the space to make a list of the top 5 Bitcoin startups to watch in Hong Kong.


#1 ANXBTC (Asia Nexgen)

Having recently opened up a retail store in Sai Ying Pun, this trading platform allows for the buying and selling of not just Bitcoin, but also Litecoin, Peercoin, Dogecoin and Namecoin in 10 currencies. ANX has also announced that they’ve launched their own ATM although they haven’t decided on a location yet.

#2 Bitcoin Group HK

Having secured the bragging rights for launching Hong Kong’s first Bitcoin ATM, Bitcoin Group HK’s Lamassu-made ATM has now made its home at Chinese pancake shop Mr. Bing in Central. Bitcoin Group HK’s ATM is a deposit-style machine that converts cash into Bitcoins in 15 seconds, a far cry from existing exchanges that can take up to 20 minutes.

#3 Alitobit

A Bitcoin startup that plans on partnering with restaurants, cafes and pubs to host their own compact computer-sized ATMs, Alitobit plans on rolling out three tellers starting in April – locations will be Tsim Sha Tsui, Sha Tin and Lan Kwai Fong. Alitobit customers can expect a no frills experience with no signups, verifications and banking required. Startbase Profile

#4 Gatecoin

In collaboration with financial institutions, Gatecoin is looking to become Asia’s first licensed digital currency exchange. While playing by the same KYC and regulatory rules, Gatecoin offers to customers the same service quality as banks and fiat currency brokers while maintaining the lowest fees. Startbase Profile

#5 Seedcoin

The world’s first seed-stage Bitcoin startup virtual incubator. In its first year, this Hong Kong startup plans on developing at least 15 Bitcoin-focused companies and is currently raising funds in Bitcoin on Havelock Investments for its first seven startups via Seedcoin Fund – the first global seed-stage Bitcoin startup fund.

Want to join the Bitcoin discussion? Web Wednesday has invited two entrepreneurs in the Bitcoin space to explain how they plan on making real money from the virtual currency. Click here for more details! 

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