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Tuesday, February 27, 2024

HashKey Trade, Hong Kong’s first licensed crypto change is now reside » CryptoNinjas

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

The change, which obtained approval again in November of 2022 has formally launched a zero buying and selling price 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 Trade Grand Launch was efficiently held at the moment on the Maritime Museum Central, Hong Kong. Joseph Chan Ho-lim, JP, Undersecretary for Monetary Companies 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 Trade for its official launch and providing insights into the event of the Web3 trade in Hong Kong.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, introduced the official launch of HashKey Trade and its retail buying and selling companies. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished friends in turning the symbolic “helm,” marking the beginning of Hong Kong’s Web3 period. Speeches have 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 Trade is Stay 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 secure, quicker, 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 beneath the Hong Kong Securities and Futures Fee, HashKey Trade has devoted substantial assets to establishing a local compliance product framework. Masking a complete spectrum together with person admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and mental property (IP) oversight, creating a whole regulatory closed-loop system. This method spans the whole thing of inner operational processes, guaranteeing a strong compliance safeguard for buyers.

HashKey Trade Key Options

  • Fiat Foreign money Deposits and Withdrawals: In partnership with main business banks, we provide USD/HKD fiat foreign money 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 reminiscent of BTC/USD and ETH/USD, with plans to help further fiat currencies and pairs, together with HKD sooner or later.
  • Licensed Custody: Impartial licensed custody system topic to common inspections by the securities regulators. We maintain a TCSP (Belief or Firm Service Supplier) license.
  • Chilly and Scorching Pockets Separation: 98% of digital belongings are saved in chilly wallets and a couple of% in scorching wallets, guaranteeing the safety of nearly all of belongings.
  • Asset Insurance coverage: HashKey Trade pioneers within the trade by introducing skilled insurance coverage establishments to offer insurance coverage for consumer belongings beneath custody.
  • Authoritative Auditing: The platform strictly adheres to regulatory necessities, present process audits and compliance checks by the Large 4 accounting corporations, totally complies with varied regulatory provisions, establishing itself as probably the most safe exchanges globally.

HashKey Trade 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, affords buying and selling pairs like BTC/USD, ETH/USD, and plans to introduce extra digital asset pairs following regulatory pointers.

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