Latest

HashKey Exchange has received a license to retail cryptocurrency trading in Hong Kong

HashKey Exchange reported receiving updated Type 1 and Type 7 licenses from the Hong Kong regulator. The company became the first licensed trading platform in Hong Kong to offer retail services.

HashKey Exchange will now be able to expand its reach –  serving not only professional but also retail investors. HashKey Group chief operating officer Livio Weng said:

“As an industry leader, we will continue to fulfill our commitment to security by ensuring that our users are fully protected and building a trading platform customized for retailers.”

HashKey Exchange said it intends to establish more partnerships with banks to provide users with convenient fiat currency deposit and withdrawal services. 

The platform has already opened pre-registration. Registered users will be rewarded in HashKey EcoPoints (HSK) tokens. 

On June 1, Hong Kong introduced a new licensing regime for virtual asset service providers (VASPs) that allowed local users to trade cryptocurrencies.

Recently, HSBC, Hong Kong’s largest bank, agreed to allow its customers to buy and sell units of bitcoin and ether exchange-traded funds on the Hong Kong exchange.