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

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HashKey Global, a regulated crypto exchange run by HashKey Group, announced on Tuesday that its token listing system is now operational. This means that promising cryptocurrency projects have the chance to list their tokens with us. This decision was made following the approval of HashKey Global by the Bermuda Monetary Authority and the green light given to HashKey Capital for Bitcoin and Ethereum spot ETFs in Hong Kong.

HashKey Global Opens Regulated Token Listing System

On April 16, HashKey Global made an official declaration, unveiling a regulated token listing platform providing trading and associated services such as LaunchPad, futures contracts, leveraged positions, and asset staking.

Last week, HashKey Group’s international crypto exchange initiated spot trading with a selection of 21 cryptocurrencies. Moving forward, their strategy is to add more high-caliber assets in order to draw in new users and compete with Coinbase, a leading U.S. exchange, within the next five years.

High-caliber projects can utilize HashKey Global’s application channel for token listings, facilitating smooth communication and potential listing opportunities. In turn, this enhances HashKey Global’s position and reach within the international cryptocurrency market.

At present, HashKey Global enables cryptocurrency trading for 21 different tokens. These include Bitcoin (BTC), Ethereum (ETH), Tether (USDT and USDC), Avalanche (AVAX), Polygon (MATIC), Rarible (RNDR), Chainlink (LINK), Uniswap (UNI), Loopring (LDO), Aave (AAVE), Maker (MKR), Compound (COMP), Decentraland (DYDX), Cosmos (ATOM), Polkadot (DOT), Synthetix (SNX), Optimism (OP), Litecoin (LTC), Arbitrum (ARB), and Dogecoin (DOGE). All transactions for these tokens are conducted using USDT trading pairs.

Criteria for Review and Listing

Projects seeking token listing should complete an application using a Google form. If the application meets the requirements, the team will contact the projects directly. Factors considered during the evaluation process include background information, community size, product offerings, token economic models, and more. Each global exchange, including HashKey Exchange based in Hong Kong, will have its own independent review systems and procedures for token listings.

Projects may need to go through a security evaluation, seek legal advice, show proof of Anti-Money Laundering measures like Know Your Transaction (“KYT”), and tackle other necessary issues.

Bosera and HashKey are planning to introduce two exchange-traded funds (ETFs) in collaboration. The first one is named Bosera HashKey Bitcoin ETF, which will track the price of bitcoin in the spot market. The second one is called Bosera HashKey Ether ETF, designed to follow the value of ether in the same market setup.

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2024-04-16 12:37