HashKey Change, Hong Kong’s first licensed crypto change is now stay » CryptoNinjas

HashKey Change, the primary licensed retail digital asset change, pronounces its official launch immediately. Along with executives from the HKSAR authorities, top-tier banks, insurers, and Massive four auditing companies, HashKey Change held the grand launch in Hong Kong. Direct USD and HKD transfers from financial institution accounts are supported.

The change, which received approval back in November of 2022 has officially launched a zero buying and selling payment promotion, efficient instantly, providing all prospects zero fee buying and selling on all transactions. 

Setting Sail within the Web3 Period in Hong Kong

The HashKey Change Grand Launch was efficiently held immediately on the Maritime Museum Central, Hong Kong. Joseph Chan Ho-lim, JP, Undersecretary for Monetary Providers and the Treasury, Dr. Jimmy Chiang, Affiliate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Affiliation delivered their speeches, extending their congratulations to HashKey Change for its official launch and providing insights into the event of the Web3 business in Hong Kong.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, introduced the official launch of HashKey Change and its retail buying and selling providers. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished visitors in turning the symbolic “helm,” marking the beginning of Hong Kong’s Web3 period. Speeches had been delivered by Mr. Ronald Lu, CEO ZA Financial institution, Mr. Thomas Crasti, Associate at PwC, and Mr. Zhang Sizheng, CEO of AIA Hong Kong.

Hong Kong’s First Licensed Retail Digital Asset Change is Dwell Now

Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance buying and selling system, the “HEX Engine,” supporting 5,000 transactions per second (TPS) to ship a extra steady, quicker, and user-friendly buying and selling expertise. Weng additionally introduced a complete improve to institutional enterprise options, providing sturdy API interfaces and enhanced account administration options (together with the Omnibus Account) to supply brokerage and institutional purchasers with deeper buying and selling liquidity and smoother experiences.

As a licensed entity beneath the Hong Kong Securities and Futures Fee, HashKey Change has devoted substantial sources to establishing a local compliance product framework. Masking a complete spectrum together with person admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and mental property (IP) oversight, creating an entire regulatory closed-loop system. This technique spans the whole lot of inner operational processes, guaranteeing a sturdy compliance safeguard for buyers.

HashKey Change Key Options

• Fiat Foreign money Deposits and Withdrawals: In partnership with main industrial banks, we provide USD/HKD fiat foreign money deposit and withdrawal providers, permitting direct transfers between financial institution accounts and HashKey fiat accounts.
• Fiat Buying and selling Pairs: Offering retail prospects with fiat buying and selling pairs reminiscent of BTC/USD and ETH/USD, with plans to help extra fiat currencies and pairs, together with HKD sooner or later.
• Licensed Custody: Impartial licensed custody system topic to common inspections by the securities regulators. We maintain a TCSP (Belief or Firm Service Supplier) license.
• Chilly and Sizzling Pockets Separation: 98% of digital property are saved in chilly wallets and a pair of% in sizzling wallets, guaranteeing the safety of nearly all of property.
• Asset Insurance coverage: HashKey Change pioneers within the business by introducing skilled insurance coverage establishments to supply insurance coverage for consumer property beneath custody.
• Authoritative Auditing: The platform strictly adheres to regulatory necessities, present process audits and compliance checks by the Massive four accounting companies, totally complies with numerous regulatory provisions, establishing itself as probably the most safe exchanges globally.

HashKey Change is at the moment working 24/7, strictly adhering to the SFC’s person registration and KYC necessities. The platform helps USD and HKD fiat deposits and withdrawals, presents buying and selling pairs like BTC/USD, ETH/USD, and plans to introduce extra digital asset pairs following regulatory pointers.