HASHKEY HLDGS Shares Surge Over 6% in Morning Session as Subsidiary Gains Dubai Approval for Derivatives Trading Platform

Deep News07-23

HASHKEY HLDGS (03887) saw an intraday surge exceeding 12% during trading. At the time of writing, the stock is up 6.32%, trading at HK$1.85 with a turnover of HK$2.6047 million.

Reports indicate that HashKey's subsidiary, HashKey MENA (HashKey Middle East and North Africa), officially received approval from the Dubai Virtual Assets Regulatory Authority (VARA) on July 17, 2026. This approval expands its regulated business scope to include virtual asset exchange-traded derivatives (VA ETD) services, covering a range of perpetual contracts.

Building on its existing virtual asset spot trading business, this approval marks a significant milestone in HashKey's development within the Middle East and North Africa region. It not only extends its regulated product line from spot to derivatives trading but also further solidifies its competitive market advantage.

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