- HashKey Exchange lists AVAX/USD and LINK/USD for retail investors beginning August 28.
- Beforehand, retail investors in Hong Kong had been solely restricted to Bitcoin and Ethereum.
- AVAX and LINK deposits and withdrawals are attainable through Avalanche and ERC20 networks respectively.
HashKey Exchange, one in all Hong Kong’s two totally licensed cryptocurrency exchanges, has expanded its choices to incorporate Avalanche (AVAX) and Chainlink (LINK) for retail investors. This gives Hong Kong-based investors with extra numerous trading choices past the beforehand accessible Bitcoin and Ether.
In keeping with an announcement made by the alternate on Wednesday, the brand new trading pairs, AVAX/USD and LINK/USD, formally launched on August 28, 2024, at 18:00 (UTC+8).
📣 Avalanche @avax $AVAX and Chainlink @chainlink $LINK are set to record on HashKey Exchange for 🌟Retail Customers🌟!
🕑Schedule:
✅Deposits & Withdrawals: Open
✅Trading: Opens at 18:00 on Aug 28, 2024(UTC+8)
✅Trading Pair: AVAX/USD, LINK/USD
✅Supported Person Sort:… pic.twitter.com/uxDzFiyHUl— HashKey Exchange (@HashKeyExchange) August 28, 2024
Hong Kong retail investors can commerce AVAX and LINK on HashKey Exchange
HashKey’s transfer marks a notable shift within the Hong Kong cryptocurrency panorama, the place solely skilled investors had entry to a broader vary of cryptocurrencies.
Retail investors had been beforehand restricted to simply Bitcoin (BTC) and Ethereum (ETH).
The inclusion of AVAX and LINK is predicted to reinforce the trading expertise for retail customers, providing them entry to 2 extra outstanding digital belongings.
Avalanche, with the ticker AVAX, is the native coin of the Avalanche community and is at the moment ranked because the thirteenth largest cryptocurrency by market cap, valued at roughly $9.3 billion. Chainlink (LINK), however, is the coin of the Chainlink oracle network, holding the sixteenth spot with a market cap of round $6.9 billion.
Each cash had been chosen for itemizing resulting from their authorized readability, avoiding the regulatory problems confronted by many bigger cryptocurrencies.
HashKey Exchange will permit deposits and withdrawals of AVAX by means of the Avalanche community and LINK through the ERC20 community.
Nonetheless, it’s essential to notice that HashKey doesn’t train voting rights related to digital belongings on behalf of its customers. These wishing to take part in governance votes should withdraw their belongings from the platform.
This itemizing growth displays Hong Kong’s evolving crypto market, accelerated by current regulatory updates and rising curiosity in Web3 applied sciences.
With the Hong Kong Securities & Futures Fee (SFC) having streamlined its licensing processes, HashKey’s transfer is a promising step in direction of a extra inclusive and dynamic trading atmosphere.