World Crypto Global
- Written by: Tareq Sikder
- Mon, 08 Apr 2024
- Israel
The HashKey Group, an Asian entity specializing in digitalasset services, has unveiled the HashKey Global exchange after securing alicense in Bermuda to provide regulated digital asset trading services. Theannouncement was made today (Monday), marking a milestone for the firmheadquartered in Hong Kong, with operational presence in Singapore and Tokyo.Diversifying Services for Spot Trading and FuturesOfferingsWith the unveiling of HashKey Global, the firm is poised toexpand its offerings, starting with spot trading services for 21 digitalassets. Among the featured assets are popular cryptocurrencies, such as bitcoin, ether, Tethers USDT, and Circle's USDC. Additionally, theexchange has revealed plans to introduce futures trading product services inthe coming weeks, further diversifying its portfolio and catering to the needsof its clientele.HashKey Group aims to establish one of the worlds largestclusters of licensed exchanges within the next 5 years, surpassing all currentregulated exchanges, said Livio Weng, the COO of HashKey Group.The HashKey Group attained unicorn status earlier this yearfollowing a fundraising round. The infusion of capital, which brought thecompany "nearly" to its $100 million fundraising objective, bolsteredits position in the industry..@HashKeyGroup has launched its crypto exchange @HashKey_Global, after it was granted a license in Bermuda. By @amitoj.https://t.co/OiLqY93zHP CoinDesk (@CoinDesk) April 8, 2024Establishing HashKey Global in Bermuda's FavorableRegulatory LandscapeThe choice to set up HashKey Global in Bermuda highlightsthe firm's emphasis on operating within a regulated framework, with acommitment to compliance with industry standards and the cultivation of trustamong investors and stakeholders. Bermuda's favorable regulatory environmenthas positioned it as an appealing jurisdiction for companies exploringopportunities in the digital asset sector while maintaining adherence torigorous regulatory protocols.Earlier, HashKeyobtained all necessary licenses, making it the first Hong Kong firm tooffer crypto retail trading, as reported by Finance Magnates. This achievementmarks a notable milestone in legal regulations, as it updated Type 1 and Type 7licenses issued by the Securities and Futures Commission, allowing it tooperate a virtual asset trading platform and provide automatic trading servicesto both institutional and retail users.This article was written by Tareq Sikder at www.financemagnates.com.
