On April 4, HashKey Group Chief Operating Officer Weng Xiaoqi said in an interview that it has obtained Bermuda's "Full License for Digital Asset Investor Protection System" and will launch the HashKey Global trading platform today. In the first phase, it can provide more than 8 currencies to qualified retail investors, and it is expected to launch futures, pledge and other products within a quarter.
Weng Xiaoqi said that the Hong Kong platform HashKey Exchange currently has about 17 customers. It is estimated that the number of potential customers who are interested but do not meet the regulations is 4 times that of existing customers. This potential cannot be released through Hong Kong business, so the HashKey Gloabl platform was established, and stablecoins such as USDT and USDC can be directly used for transactions.
The two platforms have different positioning. HashKey Exchange, which has obtained a Hong Kong license, focuses on Hong Kong and surrounding markets, as well as institutional clients; HashKey Global serves retail investors who cannot enter the Hong Kong market, but does not include mainland China, Hong Kong, the United States, and countries that have clearly stated that they do not allow the operation of virtual asset platforms. The main source of customers is expected to be overseas Chinese and users in Southeast Asian countries.