HashKey Exchange, an Asia-focused cryptocurrency exchange headquartered in Hong Kong, has forged a strategic partnership with imToken, a crypto wallet provider, in a move to enhance its offerings to retail clients. The collaboration aims to provide imToken users with a compliant and trustworthy trading platform. In turn, imToken will function as the official non-custodial wallet partner, catering to individuals seeking to manage their digital assets independently, as reported by The Block.
This partnership follows HashKey becoming the inaugural crypto entity in Hong Kong to secure a license under the city’s novel licensing framework. This framework grants crypto trading platforms the ability to extend their services to retail clients. As of Monday, HashKey commenced its provision of crypto trading services to retail customers.
Livio Weng, Chief Operating Officer of HashKey, expressed the exchange’s optimistic outlook regarding its retail services in a recent interview. Weng outlined their aspiration to expand their registered user base to encompass a range of 500,000 to 1 million individuals by the conclusion of this year. Furthermore, Weng underscored the anticipation of a more favorable market climate in the subsequent year. Should this forecast materialize, the exchange envisions serving a substantial user base of 10 million individuals by the year 2025.
In a bid to bolster its crypto trading services, HashKey is presently engaged in discussions with around five local brokerages in Hong Kong, aiming to establish on-ramps that facilitate access to its crypto trading offerings, according to Weng.
