HashKey Exchange adds AVAX and LINK trading pairs for retail investors
HashKey exchange will list AVAX/USD and LINK/USD for retail investors starting August 28. Previously, retail investors in Hong Kong were limited to Bitcoin and Ethereum. AVAX and LINK deposits and withdrawals are possible through the Avalanche and ERC20 networks.
HashKey Exchange, one of Hong Kong's two fully licensed cryptocurrency exchanges, has expanded its offerings of Avalanche (AVAX) and Chainlink (LINK) to retail investors. This gives Hong Kong-based investors a wider variety of trading options than Bitcoin and Ether already had.
In the year In the year On August 28, 2024 at 18:00 (UTC+8), the new trading pairs AVAX/USD and LINK/USD officially launched, according to the exchange's announcement on Wednesday.
📣 Avalanche @avax $AVAX and Chainlink @chainlink $LINK are set to list on HashKey exchange for 🌟retail users🌟! 🕑 Schedule: ✅ Deposit and Withdrawal: Open ✅ Trading: at 18:00 August 28, 2024(UTC+8) ✅ Trading pair: AVAX/USD, LINK/USD uxDzFiyHUl
— HashKey Exchange (@HashKeyExchange) August 28, 2024
Hong Kong retail investors can trade AVAX and LINK on the HashKey exchange.
HashKey's move marks a significant change in Hong Kong's cryptocurrency landscape, where only professional investors have access to a wide range of cryptocurrencies.
Retail investors were previously limited to Bitcoin (BTC) and Ethereum (ETH).
The inclusion of AVAX and LINK is expected to enhance the business experience for retail users, allowing access to two popular digital assets.
Avalanche, along with ticker AvaX, is the founding coin of the Avalanche Network and currently ranks as the 13th largest cryptocurrency by market capitalization at $9.3 billion. On the other hand, Chainlink (LINK) is the Coin of Chainlink Oracle Network and ranks 16th with a market value of around $6.9 billion.
Both coins were chosen for listing due to their legal transparency, avoiding the regulatory hassles faced by many larger cryptocurrencies.
HashKey Exchange allows deposits and withdrawals of AVAX through the Avalanche network and LINK through the ERC20 network.
However, it is important to note that HashKey does not exercise voting rights related to virtual assets on behalf of its users. Those who wish to participate in a management vote must remove their property from the platform.
This listing expansion reflects Hong Kong's dynamic crypto market, accelerated by recent regulatory updates and growing interest in Web3 technologies.
With the Hong Kong Securities and Futures Commission (SFC) streamlining its licensing processes, HashKey's move is a promising step towards a more inclusive and flexible trading environment.
