Summary
HashKey Exchange launched a unified crypto trading app combining its HashKey Exchange and HashKey Global applications. The multi-site unification model allows users to manage compliant accounts for Hong Kong, global, Singapore, and Middle East services within the same app, with local controls and restrictions behind the scenes. Services vary by market based on local licensing: Hong Kong (spot/OTC, 40 assets, fiat on/off-ramps), Singapore (OTC block trading, up to $50M), Middle East (spot/brokerage), and Global (derivatives).
Key Points
- Single app replacing separate regional apps; one front end, local compliance controls behind scenes
- Hong Kong: spot trading, OTC, fiat on/off-ramps for 4 currencies, ~40 digital assets, wealth management with tokenized assets
- Singapore: OTC block trading, same-name virtual accounts, min $10, max $50M corporate / $8M individual, 21 cryptocurrencies
- Middle East: spot trading and brokerage services
- HashKey Global: derivatives for international users in permitted markets; restricted jurisdictions kept separate
- HashKey Exchange: among first licensed retail virtual asset exchanges in Hong Kong
- Licenses: Type 1 and Type 7 under SFO; VASP under AML regime; ISO 27001 and ISO 27701 certified
- Includes Web3 wallet service portal separate from centralized exchange
- Part of HashKey's "Asia Connect" strategy linking Asian and international markets
- Model addresses core challenge: expanding reach while staying within distinct licensing rules in each market