HashKey Exchange Unveils Operations as Hong Kong’s Premier Licensed Crypto Trading Hub

• HashKey Exchange, the first licensed retail virtual asset exchange in Hong Kong, has officially launched its operations.
• The platform offers direct bank transfers in USD and HKD, featuring initial fiat trading pairs such as BTC/USD, ETH/USD, and USDT/USD.

On August 28, 2023, a groundbreaking event unfolded as HashKey Exchange, Hong Kong’s inaugural licensed retail virtual asset exchange, officially initiated its operations. The launch event, held at the Maritime Museum Central, witnessed a confluence of prominent figures from the Hong Kong Special Administrative Region (HKSAR) government, leading financial institutions, insurance entities, and representatives from distinguished Big 4 auditing firms.

At the forefront of innovation, HashKey Exchange introduced an array of features designed to redefine crypto trading. The platform facilitates seamless fiat-crypto transitions through direct bank transfers, supporting both USD and HKD currencies. Initial fiat trading pairs including BTC/USD, ETH/USD, and USDT/USD have been introduced, ushering in a new era of diversified trading options.

The launch event garnered insights from notable speakers, including Joseph Chan Ho-lim, JP, Undersecretary for Financial Services and the Treasury, and Norman Chan Tak-lam, GBS, JP, Chairman of the Hong Kong Web3 Association. Their perspectives shed light on the dynamic evolution of the Web3 industry within Hong Kong’s burgeoning financial landscape.

Livio Weng, COO of HashKey Group, underscored the platform’s technological prowess with the unveiling of the HEX Engine. Designed to handle an impressive 5,000 transactions per second (TPS), this engine ensures optimal performance during high trading volumes. Emphasizing adherence to regulatory standards, HashKey Exchange operates under the meticulous guidelines outlined by the Hong Kong Securities and Futures Commission. Rigorous user onboarding procedures, stringent anti-money laundering measures, and vigilant transaction monitoring underscore the platform’s commitment to compliance.

With security at its core, HashKey Exchange prioritizes safeguarding digital assets. A significant 98% of these assets are securely stored in cold wallets, shielding them from potential cyber threats. To ensure transparency and regulatory alignment, the platform undergoes regular audits conducted by leading Big 4 accounting firms.

Empowering the User Base: Inaugural Celebrations

In celebration of its launch, HashKey Exchange extends a warm welcome to users, offering a temporary waiver on trading fees. The “HashKey Grand Launch Festival” introduces enticing benefits for the new wave of traders joining the platform.

As a subsidiary of HashKey Group, a distinguished digital asset financial service provider in the Asian market, HashKey Exchange stands as a trailblazer in Hong Kong’s crypto landscape. Holding the coveted license for virtual asset trading, HashKey Group’s comprehensive suite of services spans trading, Web3 infrastructure, and operations across Hong Kong, Singapore, and Japan.