Author: HashKey Exchange
Hong Kong, November 25, 2024 — Today, HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, announced the official launch of its institutional-level comprehensive service, HashKey Pro, dedicated to helping brokers, banks, payment institutions, and other financial institutions quickly integrate professional and reliable virtual asset trading functions. HashKey Pro supports API trading, block trading services, as well as enterprise-level account structures and permission management, providing institutional investors with secure and reliable user asset insurance and a globally leading trading matching engine. Through HashKey Pro, financial institutions can offer customers a variety of virtual currency trading options, including BTC and ETH on their own apps or web platforms.
Based on HashKey Pro, HashKey Exchange has joined forces with ZA Bank, Hong Kong's first and largest digital bank, to announce a significant cooperation, promoting ZA Bank to become the first bank in Asia to provide virtual asset trading services to retail users. Relying on HashKey Pro, ZA Bank has successfully launched virtual asset trading features in its App, providing trading services for Bitcoin (BTC) and Ethereum (ETH) to Hong Kong retail users, creating a new milestone in the integration of digital banking and virtual asset trading.
HashKey Exchange CEO Livio Weng said: “We are honored to collaborate with ZA Bank to jointly promote innovation in digital banking services in Asia. HashKey Pro, as a one-stop virtual asset solution, enables traditional financial institutions to quickly acquire virtual asset trading capabilities, lowering technical barriers and providing users with a convenient, efficient, and secure trading experience. This cooperation marks a deep integration between traditional banks and the virtual asset ecosystem, setting a benchmark for the industry.”
ZA Bank's acting CEO Calvin Wu said: “As a digital bank, we understand the importance of security and compliance, so we partner with the globally leading licensed virtual asset exchange HashKey Exchange to provide investors with bank-level security guarantees, which will become our core competitive advantage in the Asian market.”
Currently, HashKey Pro has established cooperation with more than a dozen brokers and banks, including ZA Bank and Victory Securities, completing transactions totaling over HKD 5 billion. Since November, the asset inflow of HashKey Exchange has significantly increased, with weekly asset inflows exceeding HKD 1 billion and a weekly growth rate of 17%. As of November 24, the platform's user asset inflow has surpassed HKD 7 billion, with total trading volume reaching HKD 550 billion, maintaining its position as Hong Kong's largest licensed virtual currency exchange.
Looking to the future, Livio said: “We believe that such innovative cooperation has already brought about a 'network effect', allowing us to build the best liquidity and trading network for licensed trading markets by serving and integrating dozens of financial institutions. In the future, we will attract more traditional financial institutions to join the virtual asset market, jointly promoting the compliant development and innovative prosperity of the entire industry. In the future, HashKey Pro will continue to partner with more partners to provide users with more diversified digital asset services, accelerating the comprehensive upgrade of the digital economy.”
* As of November 21, 2024, HashKey Exchange ranks seventh among exchanges on CoinGecko, making it the largest licensed virtual asset exchange in Hong Kong.
** As Hong Kong's first digital bank (formerly known as a virtual bank), as of June 30, 2024, ZA Bank has the highest number of users and deposits among Hong Kong's eight digital banks. Source: Performance report of the eight digital banks.
The terms 'Asia's first / first in Asia' refer to licensed banks in Asian countries/regions (excluding West Asia) that have a complete virtual asset regulatory system and are FATF member countries, and specifically licensed banks that provide services for retail investors to trade cryptocurrencies directly with fiat currency through their main applications.
Disclaimer:
Hash Blockchain Limited is responsible for issuing this material in Hong Kong. The company is licensed by the Securities and Futures Commission to engage in regulated activities of type 1 and type 7 under the Securities and Futures Ordinance and has obtained a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions. This material has not been reviewed by the Securities and Futures Commission.
