HashKey Global Launches with Ambitions to Outpace Coinbase

The new crypto exchange, backed by a Bermuda license, excludes key markets like the US and China due to regulatory constraints.

Hong Kong’s HashKey Group has launched a new global cryptocurrency exchange, HashKey Global, with ambitions to surpass Coinbase in trading volume within five years.
The exchange, operating under a Digital Asset Business license issued in Bermuda, is now available globally except in the US, mainland China, and Hong Kong due to regulatory reasons.
HashKey Global will offer spot trading services for 21 digital assets, including major cryptocurrencies like bitcoin and ether, with futures trading services to be launched shortly.
The launch marks another step in HashKey Group's global expansion, having obtained licenses in multiple jurisdictions including Japan, Hong Kong, and Singapore.
The company aims to establish one of the world's largest clusters of licensed exchanges and is planning another funding round later this year to support its global expansion efforts.