HashKey launches Hong Kong's first licensed virtual asset exchange app and token

Source: HashKey; Compilation: Meta Era

Hong Kong, 01 November 2023 – HashKey, a licensed virtual asset exchange, announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC) to launch the first licensed virtual asset exchange app in Hong Kong with full mobile trading capabilities. At the same time, HashKey Exchange announced the selection of HSK as the platform currency, revealing new application scenarios and user engagement solutions for HSK.

“In the year since the Hong Kong government issued the Policy Statement on the Development of Virtual Assets in Hong Kong, we have witnessed the implementation of key policies such as VASPs. After several rounds of due diligence by regulators and auditors, the HashKey App has been approved for launch,” said Livio Weng, Chief Operating Officer of HashKey Group. HashKey has industry-leading compliance and security, providing secure custody of assets, independent and transparent audits, mainstream insurance underwriting, and other features, so that users’ assets are strictly protected. ”

Livio Weng also said: “In addition, HashKey has established fiat currency deposit and withdrawal channels with a number of banks, including Hong Kong note issuers, with the advantage of its license, allowing users to deposit HKD or USD directly from their bank accounts and trade on the HKD and USD trading pairs, freeing the industry from the fear of ‘frozen accounts’ and ‘stablecoin risks’.” ”

Since its opening, the total trading volume of HashKey Exchange has exceeded $600 million, and the 24-hour trading volume has exceeded $100 million on October 30. The fiat trading area has gradually become a feature of HashKey. The HKD and USD trading pairs have traded HK$240 million and HK$450 million, respectively, in the last 30 days.

“The team has done a lot of detail in the release of the HashKey App. The app is ‘minimalist and silky’ in terms of user experience, which will break the industry’s stereotype of ‘difficult to use’ for licensed exchanges.” For example, the time required for KYC processes such as filling in fields and submitting information has been reduced from 28 minutes to 8 minutes."

"The HashKey App is a new paradigm for centralized exchanges. With the launch of the HashKey App, it will mark a milestone moment in the history of licensed exchanges as they move from niche to mainstream. ”

At the same time, HashKey Exchange announced that it has chosen HSK as the platform currency to incentivize ecological contributors through the role of HSK as a bond. The HashKey Exchange will fully empower the expansion of HSK application scenarios, promote the continuous growth of institutional users, professional investors, retail users and communities, and provide solid support for the growth of the HashKey ecosystem.

HSK, HashKey EcoPoints, is an ERC-20 token issued by HashKey Group. At the same time, HashKey Group unveiled the HSK roadmap. The HSK economic model will be closely tied to the long-term interests of ecological contributors, and holders will enjoy a series of platform rights and interests such as fee discounts, as well as specific rights and interests in asset issuance.

HashKey Group announced that it will explore innovative asset issuance business based on compliance advantages, and plans to launch the world’s leading high-quality asset debut platform to empower HSK holders.

HashKey Exchange is announcing a 0 transaction fee campaign during the launch of the app, which will waive all transactions for all customers. New users who register and open an account through the HashKey Exchange App will receive HSK rewards. At the same time, you can earn more HSK by participating in activities such as invitations and prizes. During the launch of the app, apply to become an ambassador to invite users to complete the identity verification to receive additional rewards, which will be doubled for a limited time, and the specific participation rules can be viewed in the app.

The HashKey Exchange App is now available for iOS and Android, and is available for download in all major app stores.

The 2023 Hong Kong FinTech Week is in full swing, and we will once again witness the power of innovation, see more favorable policies for virtual assets landed, and explore more future fintech application scenarios. HashKey will also work with other Web3 builders to accelerate industry innovation and compliance to create a greater future for the Web3 economy.