- HashKey Alternate lists AVAX/USD and LINK/USD for retail buyers beginning August 28.
- Beforehand, retail buyers 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 Alternate, one in all Hong Kong’s two totally licensed cryptocurrency exchanges, has expanded its choices to incorporate Avalanche (AVAX) and Chainlink (LINK) for retail buyers. This supplies Hong Kong-based buyers with extra numerous buying and selling choices past the beforehand accessible Bitcoin and Ether.
In response to an announcement made by the change on Wednesday, the brand new buying and selling 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 checklist on HashKey Alternate for 🌟Retail Customers🌟!
🕑Schedule:
✅Deposits & Withdrawals: Open
✅Buying and selling: Opens at 18:00 on Aug 28, 2024(UTC+8)
✅Buying and selling Pair: AVAX/USD, LINK/USD
✅Supported Person Sort:… pic.twitter.com/uxDzFiyHUl— HashKey Alternate (@HashKeyExchange) August 28, 2024
Hong Kong retail buyers can commerce AVAX and LINK on HashKey Alternate
HashKey’s transfer marks a notable shift within the Hong Kong cryptocurrency panorama, the place solely skilled buyers had entry to a broader vary of cryptocurrencies.
Retail buyers had been beforehand restricted to only Bitcoin (BTC) and Ethereum (ETH).
The inclusion of AVAX and LINK is predicted to reinforce the buying and selling expertise for retail customers, providing them entry to 2 extra outstanding digital property.
Avalanche, with the ticker AVAX, is the native coin of the Avalanche community and is presently 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 community, holding the sixteenth spot with a market cap of round $6.9 billion.
Each cash had been chosen for itemizing as a consequence of their authorized readability, avoiding the regulatory issues confronted by many bigger cryptocurrencies.
HashKey Alternate will enable deposits and withdrawals of AVAX by the Avalanche community and LINK through the ERC20 community.
Nevertheless, it’s necessary to notice that HashKey doesn’t train voting rights related to digital property on behalf of its customers. These wishing to take part in governance votes should withdraw their property from the platform.
This itemizing enlargement 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 buying and selling setting.
