HashKey Group: Launch of a Global Crypto Exchange in Bermuda
Date: 2024-04-09 Author: Oliver Abernathy Categories: BUSINESS
HashKey Group, a leading Hong Kong company, has received a license from the Bermuda regulator and announced the launch of a regulated global crypto exchange aimed at taking a leading position in the cryptocurrency sector within five years.
Founding of the Crypto Exchange
The new venture's managing director, Ben El-Baz, expressed confidence in the choice of Bermuda to host the platform, inspired by the success of the Coinbase exchange and the receipt of a similar license in April 2023.
HashKey Global's goal is to become the largest crypto exchange, combining the user experience of Binance and the security of Coinbase, and surpass Coinbase International in trading volume.
Available Services
Spot trading of 21 crypto assets is already available on the platform, and the exchange plans to launch perpetual futures.
Although HashKey Global will not provide its services in Hong Kong, the United States, Mainland China and some other regions, the company expects to establish a strong position in the global cryptocurrency market.
The closing of a $190 million Series A round at a $1.2 billion valuation in January 2024 further confirms HashKey Group's interest in developing cryptocurrency solutions.
