By
Godfrey Benjamin
April 29th, 2024
HashKey also disclosed that it will offer more services such as staking of digital assets to earn passive income.
HashKey Global, the global arm of the licensed crypto exchange in Hong Kong, has announced the launch of its token listing platform to facilitate direct engagement with high-quality projects in the industry. The move comes less than 24 hours after Hong Kong’s financial regulator approved the first spot Bitcoin (BTC) ETFs in the country.
On April 15, some of the companies that submitted applications to the Securities and Futures Commission of Hong Kong (SFC) received regulatory nods from the authorities to offer crypto ETFs tracking the value of Bitcoin and Ethereum for retail and institutional traders. The move follows the footsteps of the US Securities and Exchange Commission (SEC).
HashKey’s Crypto Listing Platform Now Open
With the crypto ETFs now available in both the US and Hong Kong, HashKey has launched a global token listing platform where issuers can list their product offerings to reach a more global audience.
The move aims to strengthen the company’s foothold in the emerging economy to compete against global leaders like Binance and Coinbase.
According to an official announcement on Tuesday, the platform is currently open for token listing. However, interested participants must meet certain requirements before their tokens will be listed on the platform.
While the company did not reveal the specific listing requirements, users will need to complete and submit an application form for the exchange to review before listing on the platform.
Projects may be required to undergo a security audit, provide legal opinions, demonstrate compliance with Anti-Money Laundering controls such as Know Your Transaction (KYT), and address other relevant considerations before being approved for listing on the platform.
HashKey to Provide Staking Services to Users
HashKey said it has already commenced spot trading of various digital assets on the platform. The firm will add more support for other crypto tokens in the near future.
“We have commenced spot trading for multiple coins/tokens and plan to continue selecting high-quality assets for listing to cater to users’ trading requirements,” the company said.
In addition to spot trading, the platform will expand services to accommodate other types of trading and service products like LaunchPad, futures, and leverage. HashKey also disclosed that it will offer more services such as staking of digital assets to earn passive income.
HashKey Expands to Bermuda
Meanwhile, as a global exchange, HashKey recently received approval from the Bermuda Monetary Authority to legally enter the country. Under the license, the exchange will be able to offer services such as mainstream trading and service products such as spot, LaunchPad, contracts, leverage, and staking to customers in the region.
The company currently allows trading of 21 different cryptocurrencies on its platform including Bitcoin (BTC), Ethereum (ETH), Tether USD (USDT), Polygon (MATIC), and Litecoin (LTC).