HashKey Exchange Unveils Licensed Retail Services and Enhanced Security
Key Points:
- HashKey Exchange is the first licensed crypto platform in Hong Kong to serve retail users after a license upgrade.
- The platform prioritizes security with multi-layered asset protection and regular compliance audits.
- It also launches HashKey Brokerage, a compliant off-platform trading service for investors.
HashKey Exchange, a virtual asset exchange holding licenses from the Hong Kong Securities and Futures Commission (SFC), has made a groundbreaking announcement about its Type 1 and Type 7 license upgrade.
This move makes it the first licensed trading platform in Hong Kong to offer retail services in the cryptocurrency market. The license upgrade process was streamlined for the existing Type 1 and Type 7 license holders, HashKey Exchange, enabling it to extend its services from catering solely to professional investors to serving retail users.
It comes in response to the growing demand for a licensed platform that offers a secure and simplified process for purchasing and storing cryptocurrencies. Alongside the license upgrade, HashKey Exchange has unveiled a comprehensive brand revamp, which aims to provide both professional investors and retail users with enhanced security and convenience in their virtual asset trading experiences.
The HashKey Group had previously disclosed its plans to establish a regulated exchange in the second quarter, specifically tailored to serve retail customers. The company also sought to raise funds at a valuation of $1 billion, capitalizing on the re-emergence of Hong Kong as a potential crypto hub, buoyed by the city’s new crypto regulations aimed at positioning it as a thriving crypto market.
To further cater to its users, HashKey Exchange will foster partnerships with top-tier banks, offering convenient fiat currency funding and withdrawal services. The platform has also introduced compliant off-platform trading (OPT) services in the Asia-Pacific region, providing users with more trading options.
Concurrently, HashKey Exchange has launched HashKey Brokerage, making it the first compliant OPT service in Hong Kong since the implementation of the new virtual asset exchange regulatory framework by the Securities and Futures Commission in June. This service caters to investors and high-net-worth clients, offering them a secure and reliable channel for fund circulation.
To celebrate these momentous achievements, HashKey Exchange has officially commenced pre-registration, with registered users receiving HashKey EcoPoints (HSK) as rewards. The company plans to host a grand ceremony in August, bringing together its business partners to celebrate and unveil the first trading app for retail users.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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HashKey Exchange Unveils Licensed Retail Services and Enhanced Security
Key Points:
- HashKey Exchange is the first licensed crypto platform in Hong Kong to serve retail users after a license upgrade.
- The platform prioritizes security with multi-layered asset protection and regular compliance audits.
- It also launches HashKey Brokerage, a compliant off-platform trading service for investors.
HashKey Exchange, a virtual asset exchange holding licenses from the Hong Kong Securities and Futures Commission (SFC), has made a groundbreaking announcement about its Type 1 and Type 7 license upgrade.
This move makes it the first licensed trading platform in Hong Kong to offer retail services in the cryptocurrency market. The license upgrade process was streamlined for the existing Type 1 and Type 7 license holders, HashKey Exchange, enabling it to extend its services from catering solely to professional investors to serving retail users.
It comes in response to the growing demand for a licensed platform that offers a secure and simplified process for purchasing and storing cryptocurrencies. Alongside the license upgrade, HashKey Exchange has unveiled a comprehensive brand revamp, which aims to provide both professional investors and retail users with enhanced security and convenience in their virtual asset trading experiences.
The HashKey Group had previously disclosed its plans to establish a regulated exchange in the second quarter, specifically tailored to serve retail customers. The company also sought to raise funds at a valuation of $1 billion, capitalizing on the re-emergence of Hong Kong as a potential crypto hub, buoyed by the city’s new crypto regulations aimed at positioning it as a thriving crypto market.
To further cater to its users, HashKey Exchange will foster partnerships with top-tier banks, offering convenient fiat currency funding and withdrawal services. The platform has also introduced compliant off-platform trading (OPT) services in the Asia-Pacific region, providing users with more trading options.
Concurrently, HashKey Exchange has launched HashKey Brokerage, making it the first compliant OPT service in Hong Kong since the implementation of the new virtual asset exchange regulatory framework by the Securities and Futures Commission in June. This service caters to investors and high-net-worth clients, offering them a secure and reliable channel for fund circulation.
To celebrate these momentous achievements, HashKey Exchange has officially commenced pre-registration, with registered users receiving HashKey EcoPoints (HSK) as rewards. The company plans to host a grand ceremony in August, bringing together its business partners to celebrate and unveil the first trading app for retail users.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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