HashKey Exchange, the very first certified retail virtual possession exchange signed up in Hong Kong, revealed its main launch today. Together with executives from the HKSAR federal government, top-tier banks, insurance companies, and Big 4 auditing companies, HashKey held the grand launch in Hong Kong.
Strictly sticking to the SFC’s user registration and KYC requirements, the HashKey Exchange platform supports USD and HKD fiat deposits and withdrawals, and will at first support trading in BTC/USD, and ETH/USD, with strategies to present more markets following regulative standards.
The exchange, which got approval back in November of 2022 is using a zero-fee promo, providing all users absolutely no commission trading on all deals.
Hong Kong’s First Licensed Retail Virtual Asset Exchange
Livio Weng, COO of HashKey Group, revealed the next-generation high-performance trading system, the “HEX Engine,” supporting 5,000 deals per 2nd (TPS).
Weng likewise revealed a detailed upgrade to institutional service options, using robust API user interfaces and boosted account management functions (consisting of the Omnibus Account) to supply brokerage and institutional customers with much deeper trading liquidity and smoother experiences.
As a certified entity under the Hong Kong Securities and Futures Commission, HashKey Exchange has actually dedicated significant resources to developing a native compliance item structure.
Covering a detailed spectrum consisting of user admission assessment, anti-money laundering (AML) evaluation, deal tracking, and copyright (IP) oversight, developing a total regulative closed-loop system. This system covers the totality of internal functional procedures, guaranteeing a robust compliance secure for financiers.
Exchange Features:
- Fiat Currency Deposits & & Withdrawals: In collaboration with leading industrial banks, HasKey provides USD/HKD fiat currency deposit and withdrawal services, enabling direct transfers in between savings account and HashKey fiat accounts. Direct USD and HKD transfers from savings account are supported.
- Fiat Trading Pairs: Providing retail consumers with fiat trading sets such as BTC/USD and ETH/USD, with strategies to support extra fiat currencies and sets, consisting of HKD in the future.
- Certified Custody: Independent accredited custody system based on routine evaluations by the securities regulators. HashKey holds a TCSP (Trust or Company Service Provider) license.
- Cold and Hot Wallet Separation: 98% of digital possessions are kept in cold wallets and 2% in hot wallets, making sure the security of most of properties.
- Possession Insurance: HashKey Exchange leaders in the market by presenting expert insurance coverage organizations to supply insurance coverage for customer properties under custody.
- Reliable Auditing: The platform strictly follows regulative requirements, going through audits and compliance checks by the Big 4 accounting companies, completely adheres to numerous regulative arrangements, developing itself as one of the most safe and secure exchanges internationally.
Setting Sail in the Web3 Era in Hong Kong
The HashKey Exchange Grand Launch was held today at the Maritime Museum Central, Hong Kong.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, revealed the main launch of HashKey Exchange and its retail trading services. Mr. Lu Weiding, Chairman of Wanxiang Group,