HashKey, a cryptocurrency exchange based in Asia, is set to launch Bitcoin and Ethereum trading services for Hong Kong’s retail customers on August 28. Weng Xiaoqi, the chief operating officer of HashKey Group, revealed the company’s strategic direction during a media briefing.The exchange will deploy an investor grading system to tailor investment experiences for newcomers, and will also monitor users’ digital asset investments. If general investors invest more than 30% of their total assets in virtual assets on the HashKey Exchange platform, the platform will give risk warnings and restrict their investment behavior.Initially, the exchange will only support trading for Bitcoin and Ethereum, but margin and derivative instruments may be added in the future, pending regulatory approvals. The platform currently only accepts bank cards for transactions, and does not allow users from regions with restricted virtual assets to register. HashKey is also working with commercial banks to facilitate USD-based transactions, with discussions around HKD integration still underway.
| Information |
Details |
| Geography |
Asia |
| Countries |
🇭🇰 🇨🇳 🇯🇵 🇲🇾 |
| Sentiment |
neutral |
| Relevance Score |
9 |
| People |
Weng Xiaoqi, Investing, HashKey Group, USD, HKD |
| Companies |
HashKey Group, Investing, KYC, HashKey Exchange, commercial banks |
| Currencies |
Bitcoin, Ethereum |
| Securities |
None |
