Weng Xiaoqi: HashKey Exchange is not yet open to mainland Chinese users.
2023-08-28 09:57
Odaily News HashKey Group's Chief Operating Officer, Livio Weng, stated at the "Sailing Carnival" event that HashKey Exchange is currently only open to users from 16 regions that meet regulatory requirements. The platform takes a cautious approach to user eligibility, conducting examinations based on applicants' identification documents, bank accounts for deposits and withdrawals, and IP location.
HashKey Exchange has launched a trial version of its website and app and is expected to release the official version in September. The specific schedule will be determined after discussions with partners and regulators. In the first phase, the platform has a total insurance coverage of around $500 million, which will be increased based on the number of users and the scale of funds.
Regarding the question about "currently only opening USD trading pairs," Livio Weng stated that HKD to BTC and ETH trading pairs will be available within one to two weeks.
In addition, HashKey Exchange aims to have 500,000 to 1 million registered users this year. They hope the industry can enter a bull market in 2024-2025. Based on past experience, the number of user registrations during a bull market is 10 times that of a bear market. This year, HashKey Exchange will focus on deep cooperation with financial institutions while also emphasizing market expansion among Hong Kong residents and overseas Chinese investors.
HashKey Exchange has launched a trial version of its website and app and is expected to release the official version in September. The specific schedule will be determined after discussions with partners and regulators. In the first phase, the platform has a total insurance coverage of around $500 million, which will be increased based on the number of users and the scale of funds.
Regarding the question about "currently only opening USD trading pairs," Livio Weng stated that HKD to BTC and ETH trading pairs will be available within one to two weeks.
In addition, HashKey Exchange aims to have 500,000 to 1 million registered users this year. They hope the industry can enter a bull market in 2024-2025. Based on past experience, the number of user registrations during a bull market is 10 times that of a bear market. This year, HashKey Exchange will focus on deep cooperation with financial institutions while also emphasizing market expansion among Hong Kong residents and overseas Chinese investors.
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