HashKey released the institutional product HashKey Pro, helping ZA Bank become the first bank in Asia to offer retail cryptocurrency trading

Author: HashKey Exchange

Hong Kong, November 25, 2024 --- Today, Hong Kong's largest licensed virtual asset exchange, HashKey Exchange, announced the official launch of its institutional-grade comprehensive service HashKey Pro, aimed at helping financial institutions such as brokerages, banks, and payment agencies quickly integrate professional and reliable virtual asset trading functionalities. HashKey Pro supports API trading, block trading services, as well as enterprise-level account structures and permission management, providing institutional investors with secure and reliable user asset insurance and a globally leading trading matching engine. Through HashKey Pro, financial institutions can offer their clients a variety of virtual currency trading options, including BTC and ETH, on their own apps or web platforms.

Based on HashKey Pro, HashKey Exchange has joined forces with ZA Bank, Hong Kong's first and largest digital bank, to announce a significant partnership, promoting ZA Bank to become the first bank in Asia to offer virtual asset trading services to retail users. Leveraging HashKey Pro, ZA Bank has successfully launched virtual asset trading features within its app, providing Hong Kong retail users with trading services for Bitcoin (BTC) and Ethereum (ETH), marking a new milestone in the integration of digital banking and virtual asset trading.

HashKey Exchange CEO Livio Weng stated: "We are honored to collaborate with ZA Bank to drive innovation in digital banking services in Asia. HashKey Pro, as a one-stop virtual asset solution, enables traditional financial institutions to quickly acquire virtual asset trading capabilities, lowering technical barriers and providing users with a convenient, efficient, and secure trading experience. This partnership signifies a deep integration between traditional banks and the virtual asset ecosystem, setting a benchmark for the industry."

ZA Bank's acting CEO Calvin Wu stated: "As a digital bank, we understand the importance of security and compliance, which is why we are partnering with HashKey Exchange, a globally leading licensed virtual asset exchange, to provide investors with bank-level security guarantees. This will become our core competitive advantage in the Asian market."

Currently, HashKey Pro has established partnerships with over ten brokerages and banks, including ZA Bank and Victory Securities, completing transactions exceeding HKD 5 billion. Since November, HashKey Exchange has seen significant asset growth, with weekly asset increases exceeding HKD 1 billion and a weekly growth rate of 17%. As of November 24, the platform's user assets have surpassed HKD 7 billion, with a total trading volume of HKD 550 billion, continuing to maintain its position as Hong Kong's largest licensed virtual currency exchange.

Looking ahead, Livio stated: "We believe that such innovative collaborations have already created a 'herd effect.' By serving and integrating dozens of financial institutions, we can build the best liquidity and trading network in the licensed trading market. In the future, we will attract more traditional financial institutions to join the virtual asset market, jointly promoting the compliant development and innovative prosperity of the entire industry. HashKey Pro will continue to seek more partners to provide users with more diversified digital asset services, accelerating the comprehensive upgrade of the digital economy."

Disclaimer:

Hash Blockchain Limited is responsible for issuing this material in Hong Kong. Our company is licensed by the Securities and Futures Commission to engage in regulated activities under the Securities and Futures Ordinance and has obtained a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions. This material has not been reviewed by the Securities and Futures Commission.