HashKey Exchange to Offer Crypto Trading Services to Retail Clients
HashKey Exchange, an Asia-based cryptocurrency exchange, will start offering crypto trading services to retail clients from Aug. 28, according to Livio Weng, HashKey’s chief operating officer. The exchange will initially provide trading services for bitcoin and ether, catering to the needs of most retail investors.
Main Points:
- HashKey obtained a license as the first crypto outfit in Hong Kong to offer retail services.
- The exchange takes a cautious approach by offering trading services for bitcoin and ether due to the lower risks associated with these tokens.
- HashKey is in talks with local brokerages in Hong Kong to establish connections for its crypto trading services, potentially reaching tens of millions of users.
- Stringent KYC measures are in place, requiring users to link their bank cards for deposits in Hong Kong dollars and U.S. dollars.
- Chinese mainland users are prohibited from registering on the platform.
HashKey Aims for Significant Growth
HashKey has ambitious goals for its retail services, aiming to have between 500,000 to 1 million registered users by the end of this year. The exchange anticipates a more bullish market next year and plans to serve 10 million users by 2025.
Hot Take
HashKey Exchange’s decision to offer crypto trading services to retail clients demonstrates its commitment to serving the growing demand for cryptocurrencies. By focusing on bitcoin and ether initially, the exchange aims to provide a safer trading environment for retail investors. With its plans to collaborate with local brokerages and strict KYC measures, HashKey is positioning itself for significant growth in the coming years.
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