HashKey Exchange, which is based in Hong Kong, has now opened up its trading platform for retail investors. Recently, it launched AVAX/USD and LINK/USD trading pairs, and operations began at 6:00 a. m. ET on Wednesday. It allows retail investors to easily access these dynamic markets through the HashKey trading platform.
Additionally,, users can now deposit and withdraw AVAX through the Avalanche C-Chain network. It is further noted that LINK transactions can go through the Ethereum network. Earlier, such trading pairings were limited to only the qualified purchasers having minimum accounts of one million USD.
With over 40 cryptocurrency pairs now supported, HashKey Exchange has significantly expanded its service offering.
In August 2023, HashKey Exchange became the first and only IAP licensed in Hong Kong and started its operation. Currently, AVAX is ranked 15th and LINK 17th by their market capitalisations of $10 billion and $7 billion, respectively.
Furthermore, while on the mainland, China has remained resolutely anti-crypto, banning transactions in cryptocurrencies, Hong Kong has started to open up and is becoming more crypto-friendly.
This open approach contrasts sharply with mainland policies and includes initiatives to integrate crypto services with traditional banking sectors. HashKey facilitates deposits via linked bank cards but restricts access to users from mainland China.
Consequently, HashKey continues to innovate in the crypto space. In January, the company secured nearly $100 million in Series A funding, valuing the firm above $1.2 billion pre-money.
HashKey also operates Bitcoin and Ethereum exchange-traded funds, which were launched in April in collaboration with Bosera, holding millions in assets under management.
Furthermore, HashKey plans to introduce an ERC-20 utility token, named HSK, later this year, continuing its trend of expanding its service offerings to meet the growing demands of the crypto market.
The development illustrates HashKey’s commitment to enhancing the accessibility and diversity of crypto investments for retail traders.
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