- HashKey Exchange now lists AVAX and LINK, expanding retail crypto options in Hong Kong.
- The decision is in line with Hong Kong’s plan to grow its virtual asset sector in the face of global transformation.
HashKey Exchange, Hong Kong’s most significant crypto platform, received approval from regulatory authorities to list two major altcoins, AVAX and LINK, for individual investors. This action is a key step toward expanding the number of digital assets available to non-institutional traders in the region.
Prior to now, the only cryptocurrencies that individuals could trade in Hong Kong were Ethereum (ETH) and Bitcoin (BTC). The city’s crypto sector has made significant progress with the approval of AVAX and LINK, well-known tokens in the blockchain and decentralized finance (DeFi) ecosystems.
HashKey’s rollout is part of an overall strategy to diversify the digital assets available to individual traders. The platform has also submitted the third phase of its application, which could incorporate additional tokens in the future, enhancing users’ trading options.
Growing Crypto Market in Hong Kong
This development marks an important move forward for Hong Kong’s crypto market, which is rapidly expanding its reach while keeping up with tight local legal regulations. HashKey’s successful application indicates not only the growing acceptance of broadened digital assets but also the potential for more diverse investment opportunities in the region.
Livio Weng, CEO of HashKey, noted that these changes occur at a critical moment when numerous popular coins are caught up in international legal battles. “Hong Kong’s acceleration in Web3 and cryptocurrency adoption could be driven by international trends and regulatory shifts,” Weng said.
As Hong Kong regulators open doors beyond traditional top cryptocurrencies like Bitcoin and Ether, new products such as AVAX, the native currency of the Avalanche blockchain, and LINK, utilized on the Chainlink network, have joined the market. This follows after the city recently implemented a new licensing system for cryptocurrency exchanges.
The debut of these tokens fits in with Hong Kong’s target to strengthen its cryptocurrency sector and attract global attention. HashKey’s growth aims to offer more diverse options for investments as Hong Kong gets its regulatory landscape.
