1230. Hong Kong Launches Crypto Trading For Retail | Market Update
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Description
HashKey cryptocurrency exchange is a Hong Kong-based exchange that was founded in 2018. It is a regulated exchange, which means that it has been authorized by the Securities and Futures...
show moreIn August 2023, HashKey announced that it would be launching Bitcoin and Ether trading services for retail clients. This is a significant milestone for the exchange, as it is the first crypto exchange in Hong Kong to gain regulatory approval for extending crypto trading services to retail investors.
The other tradable tokens on HashKey Exchange include Polygon ($MATIC) and Avalanche ($AVAX). These are both popular altcoins that have been growing in popularity in recent months.
HashKey Exchange's decision to launch retail trading services is a sign of the growing acceptance of cryptocurrencies in Hong Kong. The SFC has been gradually warming up to cryptocurrencies in recent years, and this move by HashKey is likely to further legitimize the industry in the eyes of regulators and investors.
Here are some other details about HashKey Exchange's retail trading services:
- The minimum investment amount is HK$10,000.
- Investors will only be allowed to invest up to 30% of their net worth into cryptocurrencies.
- The exchange will offer a variety of features to help investors manage their risk, such as stop-loss orders and margin trading.
- HashKey Exchange will also provide educational resources to help investors learn about cryptocurrencies.
Information
Author | Rever Networks |
Organization | Rever Networks |
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