By
Svetlana Soroka
June 14th, 2024
The listing of SOL on the exchange will expose the digital asset to a broader audience across the Asia region, offering them the opportunity to acquire the asset on a regulated exchange.
HashKey Global, the international arm of Hong Kong’s HashKey Group, is broadening its cryptocurrency offerings by adding Solana (SOL) to the list of tradable products on the platform. The latest offering is accessible to users outside the Hong Kong market.
The exchange entered the crypto market in April as part of the group’s strategy to extend its global presence. Initially, the platform listed around 20 digital assets for trading, including Bitcoin (BTC) and Ethereum (ETH) as well as stablecoins like Tether’s USDT (USDT).
However, according to an announcement, Friday HashKey Global has added support for the SOL/USDT pair for trading on its spot market, bringing the total number of tokens available for spot trading on the platform to 21.
HashKey Global to List Solana For Trading Today
Starting today, May 24, at 10:00 (UTC), HashKey Global will launch trading for the newly listed SOL/USDT pair.
However, the company said the asset will not be available in certain regions including the United States and mainland China due to regulatory uncertainties. The listing of SOL on the exchange will expose the digital asset to a broader audience across the Asia region, offering them the opportunity to acquire the asset on a regulated exchange.
In April, the HasKey Group announced that it had secured regulatory approval from financial regulators in Bermuda where the international unit is headquartered to allow the company to offer retail customers the opportunity to explore the crypto market in compliance with local regulations.
At the time, the group’s COO Livio Weng noted that the Hong Kong division, which serves both retail and institutional clients with designated banking accounts, had about 170,000.
However, the number of interested users unable to access the Hong Kong market were four times the actual user base. With the launch of the international platform, these users can now purchase their desired cryptocurrencies.
As a result, Weng believes that HasKey Global will see massive growth in terms of user base as the exchange will service users from various jurisdictions that are crypto-friendly.
SOL Continues to Show Bearish Sentiments
Meanwhile, despite the listing of SOL on HasKey Global, the digital asset had zero reaction to the news. The asset has continued to maintain its bearish position over the last 24 hours.
According to the latest data, SOL has been down for 5.4% and is currently trading around $165. The drop aligns with broader market sentiments as BTC and ETH have dropped 3.27% and 3.74% respectively.