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HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong

August 3, 2023
in Blockchain
Reading Time: 2 mins read
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Hong Kong, 3 August 2023 – HashKey Alternate has introduced the official improve of its Kind 1 and Kind 7 licences, turning into the primary licensed digital asset alternate for retail customers in Hong Kong. This vital milestone marks a brand new period within the area’s cryptocurrency panorama.

License Improve and Growth

Beforehand holding Kind 1 and Kind 7 licences, HashKey Alternate underwent a simplified course of to acquire the licence improve. This permits the platform to develop its companies from skilled traders to retail customers, addressing the market’s want for a licensed platform that gives a safe and simple course of for purchasing and storing cryptocurrencies.

The COO of HashKey Group, Livio Weng, said: “With the institution of licensed buying and selling platforms and the additional readability of regulatory frameworks in Hong Kong, the trade as a complete will witness elevated transparency, resulting in a major enhance in investor confidence.”

Safety Measures

Safety stays a paramount concern for HashKey Alternate. The platform has carried out multi-layered safety of person belongings, with 98% of funds stored in chilly storage and a couple of% in sizzling wallets. Common audits and compliance inspections are performed by the Massive 4 auditing companies, reinforcing its status as one of the vital safe exchanges globally.

New Companies and Partnerships

Along with supporting fiat foreign money deposits and withdrawals, HashKey Alternate has launched its digital asset over-the-counter (OTC) buying and selling service, HashKey Brokerage, the primary compliant OTC buying and selling platform in Hong Kong. The platform has additionally partnered with Customary Chartered Financial institution to reinforce fiat foreign money deposit and withdrawal companies.

Workforce Growth and Pre-Registration

Not too long ago, HashKey Alternate has onboarded over ten senior professionals to collaborate with prime monetary consultants in Hong Kong, making certain distinctive product high quality and person expertise. The alternate has additionally opened pre-registration, providing rewards with HashKey EcoPoints (HSK) and planning a grand ceremony in August to rejoice this milestone.

About HashKey Alternate

HashKey Alternate is a Hong Kong Securities and Futures Fee (SFC) licensed digital asset alternate working underneath Hash Blockchain Restricted in Hong Kong. With ISO 27001 and ISO 27701 certifications, the alternate goals to set the usual for digital asset exchanges in compliance, security, and safety.

Picture supply: Shutterstock

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Tags: CryptoExchangeHashkeyHongKongLicensedPlatformRetailTrading
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