What is HashKey Exchange?
HashKey Exchange
HashKey Exchange is a full-featured digital asset trading platform based in Hong Kong and putting honesty and fairness as its core principles provides professional and institutional users with secure and reliable trading services.
The exchange conducts a strict selection of digital assets, as well as strict verification of users for compliance with the criteria of “know your customer” (KYC) and “money laundering” (AML). Thanks to a reliable operational mechanism and a professional team, we were able to increase the level of security of our stored assets.
Our trading system, which prioritizes security, reliability, high performance, etc., has been developed by a team of leading researchers and developers. It also provides a secure and reliable programmatic trading interface and personalized customer service for professional and institutional users.
HashKey Exchange strives to offer its customers security, first-class trading experience, and highly efficient service.
What is HashKey Exchange?
HashKey Exchange is a concentrated cryptocurrency marketplace based in 2018 and also formalized in Hong Kong. Nowadays period, 17 coins as well as 25 trader strength are readily available in the exchange. It is reported that the 24-hour size of HashKey Exchange is $161,184,631.06, changing in 66.11883632310258% because of the past 24 minutes. HashKey Exchange stock is trading at $122,982,768.13. The more intense trader two is considered BTC/USD together with the size of $113,726,929.52 because of 24 minutes.
Hash Blockchain Limited (HashKey Exchange) is Hong Kong’s 1st licensed contingent asset marketplace for individual users that strives to set the bar for contingent asset exchanges in terms of ratio, security as well as durability. Not so long ago HashKey Exchange acquired the decision of the Hong Kong Securities and Futures Commission (SFC) to use the platform for trading in contingent assets by license type 1 (trading activities in securities) and license type 7 (provision of automated trading services).
HashKey Exchange, which is the exchange profitable business of HashKey Group, provides group trading services both for high-end traders (PIs), as well as for individual traders. HashKey Exchange has acquired ISO 27001 (information security) and ISO 27701 (information privacy) management concept certifications.
HashKey Exchange and Animoca Brands forge strategic partnership
January 23, 2024 – HashKey Exchange, a licensed contingent asset marketplace in Hong Kong, as well as Animoca Brands, an enterprise that promotes authority in the digital asset space for gaming and meta-universe, today announced the signing of a Memorandum of Understanding (MoU) regarding a clever partnership.
By the MoU, HashKey Exchange, as well as Animoca Brands, will cooperate to build capabilities for partnership as well as cunning research in the field of conditional assets, including the implementation of educational events regarding Web3 as well as the possible printing of specific conditional assets in HashKey Exchange. As part of the clever partnership, Animoca Brands will disclose the result in the HashKey Exchange, highlighting the mutual inclination to trade conditional assets by the terms of legislation.
HashKey Group, the parent company of HashKey Exchange, endeavors to be the main infrastructure builder in the Web3 digital recreation ecosystem in Churkestan, contributing to the security of the bond as well as operator performance. Animoca Brands as well as HashKey Group will closely monitor current trends in the digital recreation economy. These two edges will apply modern technological processes, such as smart contracts as well as proof of no skills, facilitating the integration of blockchain technological processes into the digital recreation section.
LivioWeng, COO of HashKey Group as well as COO of HashKey Exchange, stated, “I am happy to facilitate together with Animoca Brands, a pioneer in blockchain as well as numerical property fairness. This collaboration is a testament to our commitment to providing different and innovative services to our users. The goal of this partnership is to drive growth and innovation in the digital entertainment industry.”
Yat Siu, co-founder and CEO of Animoca Brands, commented, “The partnership with HashKey Exchange is in line with our mission to make blockchain know-how and true digital possession more easily accessible to a global audience. I look forward to contributing to the intensive HashKey community as well as providing engaging educational media content through the HashKey Academy”.
This partnership highlights HashKey Exchange’s desire to increase the range of digital assets offered and is also in line with Animoca Brands’ vision to focus on the global introduction of gaming and other blockchain-based products and help shape a more inclusive digital economy.
HashKey Group to raise $200 million in funding
Because Hong Kong is setting up operations to clarify the regulatory framework, HashKey Pro presents a chance to establish itself as a significant player in the crypto industry.
In May, the crypto exchange’s parent company, HashKey Group, published a desire to raise two hundred million dollars to capitalize on Hong Kong’s renaissance as a possible crypto hub. This signaled the firm’s determination in its potential for growth as well as the developing terrain of digital assets.
By accepting substantial investments, HashKey expects to form its economic services and also increase its work. It is reported that the resources raised, more precisely in general, will be used to improve infrastructure, increase scientific and technological capabilities, and form partnerships to guarantee a systematic and reliable commercial skill for exchange users.
Strict new licensing requirements
The cryptocurrency retail licensing system introduced in Hong Kong in June aims to regulate and provide oversight for virtual asset trading platforms operating in the region.
It requires virtual asset platforms to purchase insurance and ensure that “cold wallets,” where digital assets are stored offline, are at least 50% protected.
On the other hand, the new law requires platforms to provide 100% insurance protection for “hot wallets” that store assets online.
In addition, cryptocurrencies allowed to be traded on these platforms must meet certain criteria of large virtual assets and obtain prior authorization from the SFC.
In addition, it is now considered a criminal offense if licensed platforms assist their unlicensed counterparts in their promotional activities.
However, platforms already operating in Hong Kong before June 6 have been given a transitional period during which they will have to apply for a license within one month to ensure their operations continue.