HashKey Rolls Out Hong Kong’s First Crypto Trading App for Retail Investorsby Fintech News Hong Kong November 2, 2023
HashKey Exchange, a licensed virtual asset exchange in Hong Kong, has announced the launch of its mobile app. According to HashKey, it is the first licensed virtual asset exchange app in Hong Kong.
Since its launch, HashKey Exchange has accumulated a total trading volume exceeding US$600 million, with a 24-hour trading volume surpassing US$100 million on 30th October.
The app is said to offer a smooth and simple user experience, with a KYC process that has been reduced from 28 minutes to 8 minutes now.
HashKey Exchange has launched a zero trading fee campaign during the app launch period, with all trading fees waived for all clients. New users registering and opening an account via the app will receive corresponding HSK rewards.
The app is available for download on both iOS and Android devices.
At the same time, HashKey Exchange announced the selection of HSK as its platform token. HSK is an ERC-20 token that will serve as a bond to incentivise ecosystem contributors.
HashKey Exchange will empower the expansion of HSK’s application scenarios, promoting sustained growth of institutional users, professional investors, retail users, and communities.
Livio Weng, COO of HashKey Group said,
“Following the recent industry turmoil, this launch also means Hong Kong now has an app that is compliant, safe, and smooth for trading. HashKey boasts in compliance and security, providing features like safe asset custody, independent audits, and insurance coverage to ensure users’ assets are securely protected.
In addition, HashKey has leveraged its licensing advantage to establish fiat on-and-off ramps with multiple banks, including Hong Kong issuing banks. Users can directly deposit Hong Kong Dollars or US Dollars using their bank cards and engage in trading on HKD and USD trading pairs, alleviating concerns within industry related such as freezing of bank accounts. “