HashKey Group, a prominent digital asset financial services group in Asia, has made a significant move by launching its new crypto exchange, HashKey Global, in Bermuda. This development comes after the firm successfully acquired the necessary license to operate in the region.
The decision to choose Bermuda as the location for the new exchange was strategic, as the regulatory environment was deemed favorable for HashKey Group’s expansion plans. Ben El-Baz, Managing Director of HashKey Global, expressed confidence in Bermuda’s regulatory framework and its potential for growth.
HashKey Global is set to offer 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 introduce futures trading products in the near future.
Livio Weng, the COO of HashKey Group, outlined the company’s ambitious vision of becoming one of the world’s largest clusters of licensed exchanges within the next five years. With headquarters in Hong Kong and operations in Singapore and Tokyo, HashKey Group has recently achieved unicorn status after a successful fundraising round.
The launch of HashKey Global marks a significant milestone for both the company and Bermuda, as it paves the way for increased accessibility to secure and reliable trading platforms for traders and investors worldwide. This move also aligns with Bermuda’s goal of establishing itself as a prominent crypto hub in the global market.
Overall, the launch of HashKey Global signals a period of rapid growth and expansion for HashKey Group, as it positions itself as a key player in the digital asset services industry. With a strong focus on innovation and regulatory compliance, the company is poised to make a lasting impact on the crypto market.
