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- HashKey Trade lists AVAX/USD and LINK/USD for retail traders beginning August 28.
- Beforehand, retail traders in Hong Kong had been solely restricted to Bitcoin and Ethereum.
- AVAX and LINK deposits and withdrawals are attainable by way of Avalanche and ERC20 networks respectively.
HashKey Trade, one among Hong Kong’s two totally licensed cryptocurrency exchanges, has expanded its choices to incorporate Avalanche (AVAX) and Chainlink (LINK) for retail traders. This supplies Hong Kong-based traders with extra various buying and selling choices past the beforehand obtainable Bitcoin and Ether.
Based on an announcement made by the trade 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 Trade 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 Consumer Kind:… pic.twitter.com/uxDzFiyHUl— HashKey Trade (@HashKeyExchange) August 28, 2024
Hong Kong retail traders can commerce AVAX and LINK on HashKey Trade
HashKey’s transfer marks a notable shift within the Hong Kong cryptocurrency panorama, the place solely skilled traders had entry to a broader vary of cryptocurrencies.
Retail traders had been beforehand restricted to simply 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 at present 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 result of their authorized readability, avoiding the regulatory problems confronted by many bigger cryptocurrencies.
HashKey Trade will permit deposits and withdrawals of AVAX by the Avalanche community and LINK by way of 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 growth displays Hong Kong’s evolving crypto market, accelerated by latest 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 the direction of a extra inclusive and dynamic buying and selling setting.