HashKey Launches Global Crypto Exchange After Bermuda License

HashKey Group, an Asia-based digital asset financial services firm, today launched a global cryptocurrency exchange named HashKey Global after obtaining a relevant license in Bermuda, as part of the company’s international expansion.

HashKey, which operates a licensed crypto exchange in Hong Kong, said in an X post on Monday that it will "offer compliant trading services to cryptocurrency enthusiasts across the globe."

The company said in a statement that the new global exchange will offer trading pairs for 21 cryptocurrencies for qualified retail investors and plans to roll out futures-related products "shortly."

The launch of the new platform comes after HashKey recently obtained a license in Bermuda, allowing it to offer digital asset trading services such as launchpad, futures trading and leveraged trading, according to its statement. 

"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," said Livio Weng, chief operating officer of HashKey Group. "The Bermuda license marks another license obtained by HashKey Group following those in Japan, Hong Kong, and Singapore, issued by regulatory authorities in yet another jurisdiction, demonstrating global recognition of our past efforts."

HashKey Group said in the statement that its Hong Kong trading platform is required to comply with stringent know-your-customer requirements to continue focusing on serving local and nearby markets and institutional clients.

HashKey's new platform, on the other hand, is geared towards global retail customers except for users from the Chinese mainland, Hong Kong, the U.S. and other jurisdictions that do not allow crypto trading.

(Source: The Block)