Key Takeaways
- HashKey Group, an Asian digital asset services firm, has launched the HashKey Global crypto exchange in Bermuda following the acquisition of a necessary license;
- With ambitions to become a leading global exchange within five years, HashKey is introducing spot trading for 21 digital assets;
- Bermuda was strategically chosen for its regulatory environment, well-suited for expansion.
HashKey Group, a digital asset financial services group in Asia, has announced the successful launch of its crypto exchange, HashKey Global, after securing a license in Bermuda.
Ben El-Baz, Managing Director of Hashkey Global, shared that the company explored its options and decided Bermuda's regulatory environment was ideally suited for expansion.
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For its initial phase, HashKey Global is rolling out spot trading services for 21 digital assets, including Bitcoin (BTC) and Ether (ETH), as well as stablecoins like Tether (USDT) and USD Coin (USDC). It also plans to launch futures trading product services in the coming weeks.
Livio Weng, the COO of HashKey Group, has highlighted the company's forward-looking vision:
HashKey Group aims to establish one of the world’s largest clusters of licensed exchanges within the next 5 years, surpassing all current regulated exchanges.
The group, headquartered in Hong Kong and boasting operations in Singapore and Tokyo, has now achieved unicorn status following a fundraising round that brought it close to its $100 million goal.
The launch of this crypto exchange sets the stage for what promises to be an expansive growth period for the company, ensuring traders and investors worldwide have access to a secure, reliable, and dynamic trading platform.
This is an important step forward for Bermuda, too, as it is aiming for the vision of becoming a crypto hub.
