HashKey Halts Binance Wallet Transactions, Broadens Global Reach

Service expansion follows regulatory approval

In a recent strategic shift, HashKey, a prominent Hong Kong-based cryptocurrency exchange, has decided to discontinue transactions involving Binance wallets starting this May. From the 10th of the month, deposits from Binance wallets will cease, followed by a halt on withdrawals from the 17th. While specific reasons for this update remain undisclosed, the exchange has assured that transactions with other wallets will continue as normal.

Concurrent with these changes, HashKey is pushing the boundaries of its global services. Following the green light from Hong Kong regulators to cater to retail investors, the company has unveiled HashKey Global in Bermuda. This new venture provides spot trading for a suite of 21 cryptocurrencies, including major players like Bitcoin and Ethereum. Future plans include the introduction of futures trading and the addition of staking options to its offerings.

Strategic aspirations and partnerships

Under the guidance of COO Livio Weng, HashKey sets ambitious targets to ascend as one of the world’s foremost licensed exchange clusters within the next five years, aiming to eclipse current market leaders in regulated exchange services.

Earlier this year, HashKey embarked on a partnership with Animoca Brands, aiming to bolster the Web3 ecosystem across Asia. This collaboration will concentrate on educational initiatives to demystify the cryptocurrency market for newcomers. It also paves the way for Animoca Brands to introduce certain digital assets on HashKey’s trading platform, fostering strategic growth within the region.