Cryptocurrency

HashKey obtains SFC approval to offer off-platform OTC trading

Digital asset management company HashKey Group has received regulatory approval from Hong Kong’s Securities and Futures Commission (SFC) to expand its over-the-counter (OTC) trading offerings.

HashKey Group has obtained two licenses from the SFC, allowing the company to trade securities tokens and provide automated trading services. However, HashKey’s clients were limited to trading only tokens listed on the platform.

hash key announced On February 24th, we announced that we have partnered with Hash Blockchain Limited (HBL) to obtain regulatory approval to offer an off-platform crypto asset trading OTC business.

With SFC approval, HashKey can act as an intermediary to facilitate transactions even if clients wish to trade tokens not listed in the exchange’s order book.

Michel Lee, President of HashKey, said the SFC’s approval will allow the trading firm to offer its clients more investment options in a safe and transparent environment.

Lee added that the company is working on the launch of HashKey PRO. It is a regulated exchange designed to increase trust and transparency among investors.

A post about HashKey getting SFC approval to offer off-platform OTC trading first appeared on CryptoSlate.

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