HashKey Group, an Asia-based digital asset financial services company, today launched a global cryptocurrency exchange named HashKey Global after securing an appropriate license in Bermuda, as part of the company’s international expansion. Company.
HashKey, which operates a licensed crypto exchange in Hong Kong, said in an job On Monday, it will “offer compliant trading services to cryptocurrency enthusiasts around the world.”
The company said in a statement shared with The Block that the The new global exchange will offer trading pairs for 21 cryptocurrencies to qualified retail investors and plans to roll out futures-related products “soon”.
The launch of the new platform comes after HashKey was recently granted a license in Bermuda, allowing it to offer digital asset trading services such as LaunchPad, Futures Trading and Futures Trading. leverage, according to its press release.
“HashKey Group aims to establish one of the largest groups of licensed exchanges in the world over the next five years, surpassing all current regulated exchanges,” said Livio Weng, Chief Operating Officer of HashKey Group. “The Bermuda license marks another license obtained by HashKey Group following those in Japan, Hong Kong and Singapore, issued by regulatory authorities in another jurisdiction, demonstrating global recognition of our past efforts.”
HashKey Group said in the statement that its Hong Kong trading platform must comply with strict KYC requirements in order to continue to focus on serving local and nearby markets and institutional clients.
HashKey’s new platform, on the other hand, is aimed at global retail customers, excluding users in mainland China, Hong Kong, the United States and other jurisdictions that do not allow trading of cryptocurrencies.
Potential fundraiser
In January, HashKey announced that it raised nearly $100 million in its Series A funding round at a pre-money valuation in excess of $1.2 billion.
Weng said in a interview with the Hong Kong Economic Journal that the company plans to pursue another round of financing later this year and is currently in talks with potential investors. He added that the company is dedicating substantial resources to global expansion this year in hopes of starting to become profitable next year.
Last year, HashKey Exchange became one of the first crypto exchanges to obtain a license under Hong Kong’s new licensing regime, which allows cryptocurrency trading platforms to offer retail services.
In February, HashKey OTC, the over-the-counter trading arm of HashKey Group, announced that it had received approval in principle from the Monetary Authority of Singapore for a major payment institution license. The preliminary license approval paves the way for HashKey OTC to provide regulated digital payment token services in Singapore.
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