Odaily Planet Daily News HashKey Group Chief Operating Officer Weng Xiaoqi (Livio Weng) said at the "Sailing Carnival" event that HashKey Exchange is currently only open to users in 16 regions that meet regulatory requirements, and is cautious about the conditions of use of users. The review will be based on the applicant's ID card, deposit and withdrawal bank card, and IP location.
HashKey Exchange has launched a trial version of the webpage and APP, and is expected to launch the official version in September. The specific schedule will be determined after communicating with partners and regulators. In the first stage, the total underwriting amount of the HashKey Exchange platform is about 500 million US dollars, which will be further increased according to the number of users and the scale of funds.
Regarding the question of "only USD trading pairs are currently open", Weng Xiaoqi said that trading pairs of HKD against BTC and ETH will be opened within a week or two.
In addition, the number of registered users of HashKey Exchange this year is targeted at 500,000 to 1 million. It is hoped that the industry will usher in a bull market in 2024-2025. According to past experience, the number of user registrations during a bull market is 10 times that of a bear market. This year, while HashKey Exchange is in-depth cooperation with financial institutions, it will also pay attention to the market expansion of investment groups such as Hong Kong residents and overseas Chinese.