HashKey becomes first Hong Kong licensed retail crypto trading service

2023-8-3 14:15

HashKey Exchange has been licensed to offer crypto trading services to retail users in Hong Kong, making it the first exchange to offer such services in the region.

According to an Aug. 3 press statement, the exchange upgraded its type 1 and 7 licenses to offer crypto trading services to retail investors. Part of the statement reads:

“As an existing Type 1 and Type 7 licences holder, HashKey Exchange successfully underwent a simplified process to obtain the licence upgrade. The successful license upgrade allows HashKey Exchange to expand its business scope from serving professional investors to retail users.”

Livio Weng, the COO of the HashKey Group, said the license upgrade and regulatory clarity on crypto in Hong Kong would further boost investors’ confidence. Weng added:

“With the establishment of licenced trading platforms and the further clarity of regulatory frameworks in Hong Kong, the industry as a whole will witness increased transparency, leading to a significant boost in investor confidence.”

HashKey has opened user preregistration and will reward those registering with HashKey EcoPoints (HSK).

The move is coming a few months after Hong Kong’s new crypto regulation became effective, opening the door for exchanges to get licensed for retail trade. Before now, crypto trading had been restricted to professional and institutional investors.

HashKey’s other developments

HashKey has partnered with Standard Chartered Bank to enable users to transact seamlessly on its platform. The exchange said the partnership would provide users with convenient fiat currency deposit and withdrawal services.

The exchange also announced a brand revamp to reflect its new status as a virtual asset services provider for retail traders and institutional firms. The update focuses on ensuring better experiences and security for users.

It noted that the safety of customers’ assets is a priority, with 98% of users’ assets kept in cold storage while only 2% are in hot wallets.

Additionally, HashKey opened the only compliant over-the-counter (OTC) trading platform in the Asia-Pacific region with the launch of HashKey Brokerage. The virtual OTC platform allows high-net-worth investors engaging in bulk trading to have access to high liquidity.

The post HashKey becomes first Hong Kong licensed retail crypto trading service appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange offer services crypto trading retail hong

Источник: cryptoslate.com

exchange offer → Результатов: 126


Фото:

World’s First AI Strategic Copy Trading Cryptocurrency Exchange, TriiiX Bags U.S. MSB Financial License

TriiiX, an AI strategic trading and copy trading crypto exchange, has secured a US Money Service Business (MSB) license. Issued by the Financial Crimes Enforcement Network (FinCEN) of the U. S. Department of the Treasury, the license empowers the exchange to offer regulated financial services in the country.

2022-9-2 14:40


Фото:

Coinbase stock opened 30% up on Thursday: explained here

Coinbase Global Inc (NASDAQ: COIN) stock opened 30% up on Thursday after BlackRock announced a partnership with the crypto exchange that will offer its institutional investors access to Bitcoin. Brief overview of the announced partnership The asset manager was “studying” crypto and related technologies in recent months to better serve its customers that have been […] The post Coinbase stock opened 30% up on Thursday: explained here appeared first on Invezz.

2022-8-5 18:15


Blockchain.com successfully secures registration in the Cayman Islands

Blockchain. com, the provider of crypto solutions for traders, funds, allocators, VCs, and crypto operators, announced today that it has secured registration in the Cayman Islands. The company can now provide regulated custodial services, operate an exchange, and offer OTC crypto brokerage services for institutional clients under the Cayman Islands Monetary Authority (CIMA).

2022-8-3 20:17


Фото:

Schwab to list its first crypto ETF on NYSE

Schwab Asset Management will launch its first crypto-related exchange traded fund (ETF) on the New York Stock Exchange (NYSE) next week, the asset manager said in a press release on Friday. According to the platform, the Schwab Crypto Thematic ETF (STCE) will not offer direct investment on any cryptocurrencies, but only track companies likely to […] The post Schwab to list its first crypto ETF on NYSE appeared first on Invezz.

2022-7-30 20:26


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hong Kong Makes History: Asia’s First Bitcoin And Ether ETFs Surge On Debut

Hong Kong rolled out the red carpet for cryptocurrency enthusiasts this week with the launch of Asia’s first spot Bitcoin and Ether Exchange Traded Funds (ETFs). The debut marks a significant step for the city, aiming to solidify its position as a global digital asset hub and attract a slice of the booming crypto market. […]