HashKey PRO Secures Regulatory Approval To Operate In Hong Kong
HashKey Group, a leading virtual asset group in Asia, has announced the launch of its new regulated exchange, HashKey PRO, set to launch in Q2 of 2023. The exchange aims to provide a safe and secure platform for clients to trade their virtual assets.
Hashkey Pro, which has obtained the second compliant exchange license in Hong Kong, is open to professional investor registration, opening BTC ETH USDC and fiat trading pairs; it is preparing to open to retail investors and provide more trading pairs with the regulatory…
— Wu Blockchain (@WuBlockchain) April 28, 2023
Virtual Asset Trading
HashKey PRO has received regulatory approval from the Securities and Futures Commission of Hong Kong to operate a virtual asset trading platform under a Type 1 (Dealing in securities) license and a Type 7 (Providing automated trading services) license. Client funds will be held in segregated accounts, ensuring they cannot be used for other purposes and will remain readily available for withdrawal. Additionally, client funds will be protected by comprehensive insurance in respect of HashKey PRO’s wallet infrastructure, safeguarding client assets in the event of any unforeseen circumstances.
HashKey PRO is also ISO 27001 (Information Security) and ISO 27701 (Data Privacy) certified, ensuring high security standards and a reliable trading experience for clients. The exchange will prioritize compliance, safety, and security and offer fiat on- and off- ramp support to users. Currently, the platform accepts bank transfers from 16 countries globally and plans to expand in the future.
Partnerships with Financial Institutions
To facilitate the depositing and withdrawal of fiat currencies, HashKey PRO has established a partnership with ZA Bank as a settlement bank. The platform will continue to expand its options and partnerships with other local and international financial institutions. HashKey PRO will offer some of the most liquid virtual assets such as BTC, ETH, USDC, and fiat trading pairs, with plans to add more in the pipeline upon meeting the token admission requirements set out by the SFC.
HashKey PRO is open to PIs globally, subject to onboarding and know-your-client requirements. The exchange is currently operating from 9am to 5pm on Hong Kong business days and will move to a 24/7 operation at launch. HashKey PRO is featured at Booth C02 at the 2023 Hong Kong Web3 Festival, co-hosted by HashKey Group along with Wanxiang Blockchain Labs.
HashKey PRO is poised to be a game-changer in the virtual asset exchange industry, prioritizing safety, security, and compliance while offering a reliable trading experience to clients. The exchange’s partnership with ZA Bank and plans to expand further will provide greater convenience and accessibility to users globally.
