HashKey is in negotiations with five brokerage firms in Hong Kong to establish terms for encrypted trading services in order to attract users of Hong Kong stocks.

Odaily News: Chief Operating Officer of HashKey Group, Livio Weng, stated that in order to diversify its retail channels, HashKey is currently negotiating with approximately five local brokerages in Hong Kong to establish terms related to its cryptocurrency trading services.



Weng stated, "We hope to directly provide cryptocurrency trading services to investors on these brokerage platforms, which may attract tens of millions of users who trade Hong Kong stocks on these platforms." He also added that HashKey does not allow registration of users from mainland China.



Weng further expressed high hopes for HashKey's retail services, stating, "We aim to increase the number of registered users to between 500,000 and 1 million by the end of this year. We also expect the market to be more bullish next year. If that is indeed the case, our goal is to serve 10 million users by 2025." (The Block)



In previous news, HashKey announced that it will launch a trading platform for retail investors on the 28th. Initially, retail investors will be able to purchase BTC and ETH, with a restriction that investments in virtual assets cannot exceed 30% of total assets.



HashKey will collaborate with multiple commercial banks to provide users with fiat currency deposit and withdrawal services. Initially, it will support USD transactions and not HKD. Only bank cards will be accepted for buying and selling, and credit cards are not supported for the time being.