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Hong Kong’s crypto exchange HashKey announces support for Solana

source-logo  crypto.news 24 May 2024 10:11, UTC

The international arm of Hong Kong’s HashKey crypto exchange has added SOL to its basket of supported assets.

International crypto exchange HashKey Global, launched by HashKey Group, is expanding its list of supported assets by adding Solana (SOL) in a bid to attract more customers around the globe.

In the latest press release, the exchange said it will launch spot trading for the SOL/USDT pair on May 24 at 10:00 (UTC). The latest addition expands the list of supported assets on HashKey like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) among others. The trades are not available for users in the U.S. or China though. Despite the news, SOL is experiencing a nearly 8% decline in value, currently trading at $163, as per CoinGecko’s latest data at press time.

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Hong Kong’s HashKey Group launched the international version of the crypto exchange in early April in an attempt to expand its offerings on a global scale. Later, in an interview with the media, HashKey Group COO Livio Weng shed light on the motivations behind this expansion, saying “the local market is not that big,” and adding that the regulatory burden in the region “blocks a lot of global users […].”

Looking ahead, Weng outlined the company’s ambitious plans to secure additional funding to bolster its international business initiatives. While specific details regarding the funding remain undisclosed, reports suggest that HashKey is in talks with potential investors, with projections hinting at a funding round exceeding the $100 million mark achieved in its previous Series A financing.

Read more: Hong Kong approves spot Bitcoin, Ethereum ETFs by Bosera and HashKey