HashKey Trade has been licensed to supply crypto buying and selling companies to retail customers in Hong Kong, making it the primary trade to supply such companies within the area.
In line with an Aug. 3 press assertion, the trade upgraded its sort 1 and seven licenses to supply crypto buying and selling companies to retail buyers. A part of the assertion reads:
“As an current Kind 1 and Kind 7 licences holder, HashKey Trade efficiently underwent a simplified course of to acquire the licence improve. The profitable license improve permits HashKey Trade to broaden its enterprise scope from serving skilled buyers to retail customers.”
Livio Weng, the COO of the HashKey Group, mentioned the license improve and regulatory readability on crypto in Hong Kong would additional enhance buyers’ confidence. Weng added:
“With the institution of licenced buying and selling platforms and the additional readability of regulatory frameworks in Hong Kong, the trade as an entire will witness elevated transparency, resulting in a major enhance in investor confidence.”
HashKey has opened consumer preregistration and can reward these registering with HashKey EcoPoints (HSK).
The transfer is coming a couple of months after Hong Kong’s new crypto regulation grew to become efficient, opening the door for exchanges to get licensed for retail commerce. Prior to now, crypto buying and selling had been restricted to skilled and institutional buyers.
HashKey’s different developments
HashKey has partnered with Customary Chartered Financial institution to allow customers to transact seamlessly on its platform. The trade mentioned the partnership would supply customers with handy fiat foreign money deposit and withdrawal companies.
The trade additionally introduced a model revamp to replicate its new standing as a digital asset companies supplier for retail merchants and institutional companies. The replace focuses on guaranteeing higher experiences and safety for customers.
It famous that the protection of shoppers’ property is a precedence, with 98% of customers’ property saved in chilly storage whereas solely 2% are in sizzling wallets.
Moreover, HashKey opened the one compliant over-the-counter (OTC) buying and selling platform within the Asia-Pacific area with the launch of HashKey Brokerage. The digital OTC platform permits high-net-worth buyers participating in bulk buying and selling to have entry to excessive liquidity.
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