The HashKey Group, an Asian entity specializing in digital asset services, has unveiled the HashKey Global exchange after securing a license in Bermuda to provide regulated digital asset trading services. The announcement was made today (Monday), marking a milestone for the firm headquartered in Hong Kong, with operational presence in Singapore and Tokyo.

Diversifying Services for Spot Trading and Futures Offerings

With the unveiling of HashKey Global, the firm is poised to expand its offerings, starting with spot trading services for 21 digital assets. Among the featured assets are popular cryptocurrencies, such as bitcoin, ether, Tether’s USDT, and Circle's USDC. Additionally, the exchange has revealed plans to introduce futures trading product services in the coming weeks, further diversifying its portfolio and catering to the needs of its clientele.

“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, the COO of HashKey Group.

The HashKey Group attained unicorn Unicorn Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the product Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the product Read this Term status earlier this year following a fundraising round. The infusion of capital, which brought the company "nearly" to its $100 million fundraising objective, bolstered its position in the industry.

.@HashKeyGroup has launched its crypto exchange @HashKey_Global, after it was granted a license in Bermuda. By @amitoj.https://t.co/OiLqY93zHP

— CoinDesk (@CoinDesk) April 8, 2024

Establishing HashKey Global in Bermuda's Favorable Regulatory Landscape

The choice to set up HashKey Global in Bermuda highlights the firm's emphasis on operating within a regulated framework, with a commitment to compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term with industry standards and the cultivation of trust among investors and stakeholders. Bermuda's favorable regulatory environment has positioned it as an appealing jurisdiction for companies exploring opportunities in the digital asset sector while maintaining adherence to rigorous regulatory protocols.

Earlier, HashKey obtained all necessary licenses, making it the first Hong Kong firm to offer crypto retail trading, as reported by Finance Magnates. This achievement marks a notable milestone in legal regulations, as it updated Type 1 and Type 7 licenses issued by the Securities and Futures Commission, allowing it to operate a virtual asset trading platform and provide automatic trading services to both institutional and retail users.