HashKey Group, a prominent digital asset financial services group in Asia, has made a significant move by launching its crypto exchange, HashKey Global, after successfully securing a license in Bermuda. This development marks a pivotal moment for the company as it sets its sights on becoming a leading global exchange within the next five years.
Ben El-Baz, the Managing Director of HashKey Global, expressed the company’s strategic decision to choose Bermuda as the ideal location for expansion, citing the island’s regulatory environment as a key factor in their decision-making process.
In its initial phase, HashKey Global is introducing spot trading services for 21 digital assets, including popular cryptocurrencies like Bitcoin and Ether, as well as stablecoins such as Tether and USD Coin. The exchange also has plans to launch futures trading product services in the near future, further expanding its offerings to cater to the needs of traders and investors.
Livio Weng, the COO of HashKey Group, outlined the company’s ambitious vision of establishing one of the world’s largest clusters of licensed exchanges within the next five years, surpassing all current regulated exchanges. With headquarters in Hong Kong and operations in Singapore and Tokyo, HashKey Group has now achieved unicorn status following a successful fundraising round that brought it close to its $100 million goal.
The launch of HashKey Global’s crypto exchange not only signifies a significant milestone for the company but also sets the stage for a period of expansive growth and development. This move is not only beneficial for traders and investors worldwide who will have access to a secure and reliable trading platform but also for Bermuda, which is aiming to establish itself as a prominent crypto hub in the region.
Overall, HashKey Group’s entry into the crypto exchange market in Bermuda is a testament to the growing interest and investment in digital assets, signaling a positive outlook for the future of the industry.
