Hashkey Exchange, a virtual asset exchange based in Hong Kong, has become the first cryptocurrency exchange in the city to receive a license to serve retail customers. This comes as part of Hong Kong’s new crypto rules, which aim to establish the region as a crypto hub. With this license, Hashkey Exchange can now expand its services from serving professional investors to retail users.
Key Points:
1. Hashkey Exchange is part of Hashkey Group, a digital asset financial services group.
2. The exchange successfully obtained a license upgrade to fulfill the market demand for a licensed platform that offers a safer and simpler process for buying and storing cryptocurrencies.
3. The Hashkey Group had previously announced plans to introduce a regulated exchange for retail customers and raise funds at a $1 billion valuation.
4. The Securities and Futures Commission of Hong Kong has not yet responded to CoinDesk’s request for comment and confirmation.
Hot Take:
Hashkey Exchange’s license to serve retail customers is a significant development in Hong Kong’s crypto landscape. By expanding its services to retail users, the exchange is catering to the growing demand for a licensed platform that provides a secure and user-friendly experience for buying and storing cryptocurrencies. This move further solidifies Hong Kong’s position as a potential crypto hub and opens up new opportunities for both investors and the broader crypto community in the region.
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