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HashKey Group Secures Bermuda License, Launches Global Platfor | Gimme The Coin

HashKey Group Secures Bermuda License, Launches Global Platform

Through HashKey Global, the individual investors can trade more than 20 cryptos with stablecoins including Tether (USDT) and USD Coin (USDC). The platform plans to introduce futures trading within the first quarter post its launch.

Though the exchange has already accumulated around 170,000 users, Weng estimated that the number of potential users interested in trading who do not have access to the reginal platform is four times of the current user count.

To realize the potential and expand the markets HashKey serves, the new global platform is positioned to target international users, excluding China Mainland, Hong Kong, the United States, and other countries and regions that have an active crypto ban.

As of now, individual investors in Hong Kong can only trade Bitcoin (BTC) and Ethereum (ETH). The Group submitted application to the Securities and Futures Commission (SFC) in 2023 for four additional assets but has not received any approval yet.