Just-In: Coinbase Competitor HashKey Opens Crypto Listing Applications Post ETF Approval

Varinder Singh
April 16, 2024
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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.

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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

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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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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.