HashKey Exchange, Hong Kong’s first licensed crypto exchange is now live » CryptoNinjas

HashKey Change, the primary licensed retail digital asset alternate, proclaims its official launch at the moment. Along with executives from the HKSAR authorities, top-tier banks, insurers, and Large 4 auditing corporations, HashKey Change held the grand launch in Hong Kong. Direct USD and HKD transfers from financial institution accounts are supported.

The alternate, which acquired approval again in November of 2022 has formally launched a zero buying and selling charge promotion, efficient instantly, providing all clients zero fee buying and selling on all transactions. 

Setting Sail within the Web3 Period in Hong Kong

The HashKey Change Grand Launch was efficiently held at the moment on the Maritime Museum Central, Hong Kong. Joseph Chan Ho-lim, JP, Undersecretary for Monetary Providers and the Treasury, Dr. Jimmy Chiang, Affiliate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Affiliation delivered their speeches, extending their congratulations to HashKey Change for its official launch and providing insights into the event of the Web3 business in Hong Kong.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, introduced the official launch of HashKey Change and its retail buying and selling companies. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished visitors in turning the symbolic “helm,” marking the beginning of Hong Kong’s Web3 period. Speeches had been delivered by Mr. Ronald Lu, CEO ZA Financial institution, Mr. Thomas Crasti, Associate at PwC, and Mr. Zhang Sizheng, CEO of AIA Hong Kong.

Hong Kong’s First Licensed Retail Digital Asset Change is Reside Now

Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance buying and selling system, the “HEX Engine,” supporting 5,000 transactions per second (TPS) to ship a extra steady, sooner, and user-friendly buying and selling expertise. Weng additionally introduced a complete improve to institutional enterprise options, providing sturdy API interfaces and enhanced account administration options (together with the Omnibus Account) to offer brokerage and institutional shoppers with deeper buying and selling liquidity and smoother experiences.

As a licensed entity below the Hong Kong Securities and Futures Fee, HashKey Change has devoted substantial sources to establishing a local compliance product framework. Protecting a complete spectrum together with person admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and mental property (IP) oversight, creating an entire regulatory closed-loop system. This technique spans the whole lot of inner operational processes, making certain a sturdy compliance safeguard for traders.

HashKey Change Key Options

Fiat Forex Deposits and Withdrawals: In partnership with main industrial banks, we provide USD/HKD fiat forex deposit and withdrawal companies, permitting direct transfers between financial institution accounts and HashKey fiat accounts.
Fiat Buying and selling Pairs: Offering retail clients with fiat buying and selling pairs corresponding to BTC/USD and ETH/USD, with plans to assist extra fiat currencies and pairs, together with HKD sooner or later.
Licensed Custody: Unbiased licensed custody system topic to common inspections by the securities regulators. We maintain a TCSP (Belief or Firm Service Supplier) license.
Chilly and Sizzling Pockets Separation: 98% of digital belongings are saved in chilly wallets and a pair of% in scorching wallets, making certain the safety of the vast majority of belongings.
Asset Insurance coverage: HashKey Change pioneers within the business by introducing skilled insurance coverage establishments to offer insurance coverage for shopper belongings below custody.
Authoritative Auditing: The platform strictly adheres to regulatory necessities, present process audits and compliance checks by the Large 4 accounting corporations, absolutely complies with varied regulatory provisions, establishing itself as one of the vital safe exchanges globally.

HashKey Change is presently working 24/7, strictly adhering to the SFC’s person registration and KYC necessities. The platform helps USD and HKD fiat deposits and withdrawals, provides buying and selling pairs like BTC/USD, ETH/USD, and plans to introduce extra digital asset pairs following regulatory pointers.