HashKey Exchange Launches as Hong Kong’s First Licensed Crypto Exchange
HashKey Exchange, the city’s first licensed retail virtual asset exchange, officially began operations on 28 August 2023. The launch event, held at the Maritime Museum Central, was attended by government officials, leading banks, insurance entities, and representatives from auditing firms.
Main Breakdown:
- Direct bank transfers in USD and HKD are supported on the platform.
- The initial fiat trading pairs include BTC/USD, ETH/USD, and USDT/USD.
- The HEX Engine, with a capacity of handling up to 5,000 transactions per second, was highlighted by Livio Weng, COO of HashKey Group.
- HashKey Exchange adheres to strict guidelines set by the Hong Kong Securities and Futures Commission, including user admission protocols, anti-money laundering measures, and regular transaction monitoring.
- 98% of digital assets are stored in cold wallets, and regular audits are conducted by the Big 4 accounting firms.
HashKey Exchange Inauguration Specials
To celebrate its inauguration, HashKey Exchange is offering a temporary waiver on trading fees and introducing the “HashKey Grand Launch Festival” with additional benefits for new users.
Hot Take:
HashKey Exchange’s official launch marks a significant milestone for the crypto industry in Hong Kong. With its robust system and commitment to compliance, the exchange aims to provide a secure and transparent platform for retail users to trade virtual assets. The temporary fee waiver and launch festival are enticing incentives for new users to join the platform and experience its offerings.
Blount Charleston stands out as a distinguished crypto analyst, researcher, and editor, renowned for his multifaceted contributions to the field of cryptocurrencies. With a meticulous approach to research and analysis, he brings clarity to intricate crypto concepts, making them accessible to a wide audience. Blount’s role as an editor enhances his ability to distill complex information into comprehensive insights, often showcased in insightful research papers and articles. His work is a valuable compass for both seasoned enthusiasts and newcomers navigating the complexities of the crypto landscape, offering well-researched perspectives that guide informed decision-making.
