1 year ago
HashKey Exchange has been licensed to connection crypto trading services to retail users successful Hong Kong, making it the archetypal speech to connection specified services successful the region.
According to an Aug. 3 property statement, the speech upgraded its benignant 1 and 7 licenses to connection crypto trading services to retail investors. Part of the connection reads:
“As an existing Type 1 and Type 7 licences holder, HashKey Exchange successfully underwent a simplified process to get the licence upgrade. The palmy licence upgrade allows HashKey Exchange to grow its concern scope from serving nonrecreational investors to retail users.”
Livio Weng, the COO of the HashKey Group, said the licence upgrade and regulatory clarity connected crypto successful Hong Kong would further boost investors’ confidence. Weng added:
“With the constitution of licenced trading platforms and the further clarity of regulatory frameworks successful Hong Kong, the manufacture arsenic a full volition witnesser accrued transparency, starring to a important boost successful capitalist confidence.”
HashKey has opened idiosyncratic preregistration and volition reward those registering with HashKey EcoPoints (HSK).
The determination is coming a fewer months aft Hong Kong’s caller crypto regulation became effective, opening the doorway for exchanges to get licensed for retail trade. Before now, crypto trading had been restricted to nonrecreational and organization investors.
HashKey’s different developments
HashKey has partnered with Standard Chartered Bank to alteration users to transact seamlessly connected its platform. The speech said the concern would supply users with convenient fiat currency deposit and withdrawal services.
The speech besides announced a marque revamp to bespeak its caller presumption arsenic a virtual plus services supplier for retail traders and organization firms. The update focuses connected ensuring amended experiences and information for users.
It noted that the information of customers’ assets is simply a priority, with 98% of users’ assets kept successful acold retention portion lone 2% are successful blistery wallets.
Additionally, HashKey opened the lone compliant over-the-counter (OTC) trading level successful the Asia-Pacific portion with the motorboat of HashKey Brokerage. The virtual OTC level allows high-net-worth investors engaging successful bulk trading to person entree to precocious liquidity.
The station HashKey becomes archetypal Hong Kong licensed retail crypto trading service appeared archetypal connected CryptoSlate.
English (US) 