NewsletterJust-In: Coinbase Competitor HashKey Opens Crypto Listing Applications Post ETF Approval
Highlights
- HashKey Global opened regulated crypto listing system to provide tokens listing opportunities to high-quality projects.
- HashKey Group started spot trading with 21 cryptocurrencies on HashKey Global.
- The exchange proposes to select tokens of high-quality projects.
Crypto exchange HashKey Global on Tuesday said its regulated crypto listing system is officially open, providing tokens listing opportunities to high-quality projects. The move comes after HashKey Group, operator of Hong Kong’s licensed crypto exchange HashKey Exchange, received approval for HashKey Global from Bermuda Monetary Authority, and HashKey Capital got approval for spot Bitcoin and Ethereum ETFs in Hong Kong.
HashKey Global Opens Regulated Token Listing System
In an official announcement on April 16, HashKey Global reported the launch of a regulated token listing system to offer trading and service products like LaunchPad, futures, leverage, and asset staking.
The global crypto exchange of HashKey Group started spot trading with 21 cryptocurrencies last week. Now, it further plans to list high-quality assets to attract potential users to the exchange as it challenges to overtake U.S.-based Coinbase in 5 years.
HashKey Global token listing application channel to help high-quality projects apply and communicate for potential listing opportunities. This will further help the crypto exchange to increase its market share in the global crypto market.
HashKey Global currently offers trading of 21 crypto. There are BTC, ETH, USDT, USDC, AVAX, MATIC, RNDR, LINK, UNI, LDO, AAVE, MKR, COMP, DYDX, ATOM, DOT, SNX, OP, LTC, ARB, and DOGE. All 21 tokens are available in only USDT trading pairs.
Also Read: Elon Musk’s X Gets Subpoenaed on Issues With Brazilian Court
Criteria for Review and Listing
Projects need to apply for token listing with a Google form. If the submission passes review, the team will reach out directly to projects. The factors for evaluating projects are such as background, community size, products, token economic models, etc. The global exchange will have independent token listing review systems and processes to the Hong-Kong-based HashKey Exchange.
Projects can be asked to undergo a security audit, obtain legal opinions, demonstrate access to Anti-Money Laundering control such as Know Your Transaction (“KYT”), and address other relevant matters.
Bosera and HashKey will together launch a spot bitcoin ETF, the Bosera HashKey Bitcoin, and a spot Ether ETF, Bosera HashKey Ether ETF.
Also Read: Ripple Vs SEC Lawsuit — Settlement Debates & XRP Price Fall Concerns
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