In the digital currency trading market, Hashkey Exchange has opened retail trading of BTCC and ETH, providing investors with more choices and convenience. This news has undoubtedly set off heated discussions and expectations among investors, allowing people to see new opportunities in the field of digital currency. Now, let's take a closer look at this move by Hashkey Exchange and see how it will affect the development of the digital currency market.

In the digital currency market, BTCC and ETH have always attracted much attention. As important cryptocurrencies, they have a wide range of applications and huge potential in the market. Hashkey Exchange has opened retail trading of these two cryptocurrencies, providing investors with a more flexible trading method. Investors can freely recharge and withdraw, easily trade, and participate in the digital currency market more conveniently. This move will inject new vitality into the market, promote the circulation and trading of digital currencies, and bring more opportunities to investors.

In the past few years, the digital currency market has experienced ups and downs, the market has fluctuated greatly, and investors have also experienced a lot of tests. However, with the opening of retail trading of BTCC and ETH by Hashkey Exchange, investors have more options. They can flexibly adjust their investment portfolios according to market trends and personal risk preferences to better grasp investment opportunities. This free recharge and withdrawal trading method allows investors to trade anytime and anywhere, which is more convenient and fast, lowers the threshold for trading, and provides the possibility for more people to participate in digital currency investment.

In addition to bringing convenience to investors, Hashkey Exchange's opening of retail trading of BTCC and ETH will also bring new impetus to the development of the digital currency market. Through a more open and flexible trading mechanism, the liquidity of the digital currency market will be improved, and the activity of market participants will be further increased. Investors will pay more attention to the development of the digital currency market, increase investment efforts, and promote the further development and growth of the digital currency industry. This will inject new vitality into the entire digital currency ecosystem and lay a solid foundation for the long-term development of the industry.

In general, Hashkey Exchange's opening of retail trading of BTCC and ETH, free recharge and withdrawal, has brought new vitality and opportunities to the digital currency market. Investors can participate in market transactions more flexibly, seize investment opportunities, and promote the development of the digital currency industry. With the continuous development and growth of the digital currency market, I believe that more investors will join in the future and witness the vigorous development of the digital currency industry together!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BTC.COM) News: After the Hong Kong virtual asset service provider licensing system was officially launched in June, a milestone news came at the beginning of this month. Hong Kong HashKey Exchange announced on August 3 that it had obtained the upgrade of No. 1 (Securities Trading) and No. 7 (Providing Automated Trading Services) licenses. At the same time, the Securities and Futures Commission removed the restriction of only providing services to professional investors and was allowed to provide services to retail users.

HashKey launched the trading APP on 8/28

Recently, HashKey Exchange has officially announced that the platform is open for pre-registration, but has not yet opened retail KYC (officially stated that it will be launched soon). In addition, the latest news pointed out that HashKey Exchange will release a trading platform application (APP) for retail investors today (28). It will also open BTC/USD, ETH/USD, BTC/HKD and ETH/HKD trading pairs to retail investors. And they can withdraw and deposit freely.

In an exclusive interview with "Hong Kong Economic Journal", HashKey Group Chief Operating Officer Livio Weng also mentioned the future direction of the exchange and how to make a compliant exchange while protecting retail investors.

The first batch of retail investors can only trade Bitcoin and Ethereum, and a tiered system will be established

First, Weng Xiaoqi said that a tiered system will be established for retail investors. Through the KYC procedure, investors' past experience and risk-bearing capacity will be evaluated, and a questionnaire will be set up to determine whether they have a correct understanding of virtual assets. The investment of novices will be relatively limited.

Weng Xiaoqi revealed that the first batch of retail investors can only trade Bitcoin (BTC) and Ethereum (ETH). Currently, 70% to 80% of the market transactions are concentrated in these two currencies, which is believed to be able to meet most of the needs. He added: At present, the Securities and Futures Commission does not allow the provision of "margin" and "derivative" tools. In the future, when the regulatory permission is obtained, the relevant products will also be graded and various products will be launched to different types of users.

Initial investment is limited to no more than 30% of total assets

Weng Xiaoqi further stated that if retail investors invest more than 30% of their total assets in virtual assets on the platform, risk warnings will appear and investment will be restricted. However, the platform cannot truly verify the total assets of users and can only rely on users to provide them themselves.

As for the fiat currency deposits and withdrawals planned by HashKey, he mentioned that the platform will cooperate with a number of commercial banks including the note-issuing bank to provide users with fiat currency deposit and withdrawal services. It will first support US dollar transactions, but not yet Hong Kong dollars; temporarily only accepts bank card transactions, and does not support credit cards.

In addition, it should be noted that HashKey Exchange currently does not support user registration in jurisdictions where virtual assets are restricted, such as China, Japan, Malaysia, and other sanctioned countries/regions.

HashKey expects to develop institutional business

In addition, Weng Xiaoqi mentioned that HashKey has cooperated with 4 to 5 brokerage firms in the market to varying degrees to access the platform for customers to buy and sell. If the operation goes smoothly, it is estimated that more brokerage firms will be allowed to provide transactions to customers next year.

Next, HashKey hopes to develop institutional business, especially custody services, and at the same time study the future as the underlying asset for virtual asset spot ETFs under regulatory permission.

Weng Xiaoqi said frankly that he would actively communicate with regulators to promote stablecoin regulation and explore whether a certain degree of "margin" trading and relaxation of "staking" products (Staking, that is, locking tokens for a period of time to obtain interest income) can be allowed. It is expected that derivative products "will go a relatively long way." 

Optimistic about the crypto bull market in 2024

For the future trend of the crypto market, Weng Xiaoqi is also optimistic about the bull market in 2024-2025: Bitcoin's fourth "halving" is expected to occur next year, which means that the supply of Bitcoin will be reduced by half. According to past history, it often pushes up prices; in addition, major industry infrastructure will mature next year. After the expansion of Ethereum transactions, more applications can be moved to the blockchain, such as games and social networking, which will support the price of the currency; in terms of macroeconomics, the US dollar has continued to raise interest rates, and various types of investment funds have decreased, but there is a chance to cut interest rates next year, and more funds will flow into the market, which is beneficial to the performance of virtual assets.