- HashKey Trade launches AVAX/USD and LINK/USD for retail buyers beginning August 28.
- Beforehand, retail buyers in Hong Kong have been restricted to solely Bitcoin and Ethereum.
- AVAX and LINK deposits and withdrawals are doable via the Avalanche and ERC20 networks.
HashKey Trade, one of many two totally licensed cryptocurrency exchanges in Hong Kong, has expanded its choices to incorporate Avalanche (AVAX) and Chainlink (LINK) for retail buyers. This supplies Hong Kong-based buyers with extra various buying and selling choices past the beforehand out there bitcoins and ethers.
In response to the alternate's announcement on Wednesday, the brand new AVAX/USD and LINK/USD buying and selling pairs have been formally launched on August 28, 2024 at 18:00 (UTC+8).
📣 Avalanche @avax $AVAX and Chainlink @chainlink $LINK are set to record on HashKey Trade for 🌟Retail Customers🌟!
🕑Schedule:
✅Deposits and withdrawals: Open
✅Buying and selling: Opens August 28, 2024 at 18:00 (UTC+8)
✅Commerce pair: AVAX/USD, LINK/USD
✅Supported person kind:… pic.twitter.com/uxDzFiyHUl— HashKey Trade (@HashKeyExchange) August 28, 2024
Hong Kong retail buyers can commerce AVAX and LINK on the HashKey alternate
HashKey's transfer marks a big shift in Hong Kong's cryptocurrency panorama, the place solely skilled buyers had entry to a wider vary of cryptocurrencies.
Retail buyers have been beforehand restricted to solely Bitcoin (BTC) and Ethereum (ETH).
The inclusion of AVAX and LINK is anticipated to enhance the buying and selling expertise for retail customers and provide 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 capitalization, valued at roughly $9.3 billion. Chainlink (LINK), then again, is the Chainlink oracle community coin and holds the sixteenth place with a market cap of round $6.9 billion.
Each cash have been chosen for itemizing as a consequence of their authorized readability, avoiding the regulatory issues confronted by many bigger cryptocurrencies.
HashKey Trade will enable deposits and withdrawals of AVAX via the Avalanche community and LINK via the ERC20 community.
Nevertheless, it is very important observe that HashKey doesn’t train voting rights related to digital belongings on behalf of its customers. Those that want to take part in governance voting should withdraw their belongings from the platform.
This enlargement of choices displays Hong Kong's evolving crypto market, spurred by latest regulatory updates and rising curiosity in Web3 applied sciences.
With the Hong Kong Securities & Futures Fee (SFC) streamlining its licensing processes, HashKey's transfer is a promising step in the direction of a extra inclusive and dynamic buying and selling atmosphere.
