Hong Kong's Largest Licensed Crypto Exchange HashKey Rose 9% In Hong Kong Grey Market

Tiger Newspress2025-12-16

HashKey Holdings, Hong Kong's largest licensed crypto exchange, rose 9% in Hong Kong grey market.

HashKey, founded in 2018, offers a wide range of services including asset management, brokerage and tokenisation, and runs the city's largest licensed crypto exchange.

UBS, Fidelity and Chinese investment firm CDH are among cornerstone investors in the IPO, HashKey's offering prospectus shows.

The IPO comes as some of the world's major cryptocurrencies have been on a roller-coaster ride in recent months after repeatedly hitting record highs earlier this year.

Bitcoin BTC=, the world's largest cryptocurrency, plunged as much as 36% in around a month's time after reaching an all-time peak above $126,000 in early October.

Authorities in Beijing, which banned cryptocurrency trading in 2021, have recently renewed their warnings about virtual currencies.

The People's Bank of China last month reaffirmed its tough stance, cautioning against a resurgence of speculation and vowing to crack down on illegal activities involving virtual currencies.

However Hong Kong, which operates under a freer economic system than mainland China, has embraced digital assets as it seeks to strengthen its reputation as a leading financial hub.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment