1230. Hong Kong Launches Crypto Trading For Retail | Market Update

Aug 29, 2023 · 8m 26s
1230. Hong Kong Launches Crypto Trading For Retail | Market Update
Description

HashKey cryptocurrency exchange is a Hong Kong-based exchange that was founded in 2018. It is a regulated exchange, which means that it has been authorized by the Securities and Futures...

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HashKey cryptocurrency exchange is a Hong Kong-based exchange that was founded in 2018. It is a regulated exchange, which means that it has been authorized by the Securities and Futures Commission (SFC) of Hong Kong to operate.







In August 2023, HashKey announced that it would be launching Bitcoin and Ether trading services for retail clients. This is a significant milestone for the exchange, as it is the first crypto exchange in Hong Kong to gain regulatory approval for extending crypto trading services to retail investors.

The other tradable tokens on HashKey Exchange include Polygon ($MATIC) and Avalanche ($AVAX). These are both popular altcoins that have been growing in popularity in recent months.

HashKey Exchange's decision to launch retail trading services is a sign of the growing acceptance of cryptocurrencies in Hong Kong. The SFC has been gradually warming up to cryptocurrencies in recent years, and this move by HashKey is likely to further legitimize the industry in the eyes of regulators and investors.

Here are some other details about HashKey Exchange's retail trading services:
  • The minimum investment amount is HK$10,000.
  • Investors will only be allowed to invest up to 30% of their net worth into cryptocurrencies.
  • The exchange will offer a variety of features to help investors manage their risk, such as stop-loss orders and margin trading.
  • HashKey Exchange will also provide educational resources to help investors learn about cryptocurrencies.
The launch of retail trading services by HashKey Exchange is a positive development for the cryptocurrency industry in Hong Kong. It is a sign that the regulatory environment is becoming more supportive of cryptocurrencies, and it is likely to attract more investors to the market.
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Author Rever Networks
Organization Rever Networks
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