Hashkey, a licensed crypto exchange in Hong Kong, has announced that it will soon allow individual and enterprise market makers to provide liquidity on its platform. To become a market maker, individuals and entities must trade at least $5 million worth of cryptocurrencies per month on the exchange. Once approved, they will sign a contract with the exchange’s due diligence team and begin trading on December 28th. Market makers will receive a commission based on their monthly rankings or trading volume, ranging from 0.005% to 0.015% of transaction value. However, to enjoy the highest tier of commission revenue, users and entities must demonstrate a trading volume of at least $100 million per month. It is worth noting that all market makers are exempt from paying commission fees on trades. In recent months, Hong Kong-regulated exchanges have been expanding their service offerings and partnerships. OSL, another licensed exchange in Hong Kong, has partnered with Interactive Brokers to enable Hong Kong clients to purchase Bitcoin and Ether using Interactive Brokers’ investment accounts. OSL has also onboarded Victory Securities, the first regulated broker in Hong Kong to obtain approval for virtual asset dealings, for crypto trading services on its platform. Additionally, OSL received a $90 million investment from blockchain entity BGX in November.Meanwhile, Hashkey has been expanding its altcoin offerings, but they are currently only available to accredited investors who meet a $1 million portfolio requirement. The firm has also launched comprehensive insurance coverage for users’ and enterprise assets stored within its digital wallets. Overall, the crypto market in Hong Kong is seeing increased activity and partnerships as regulated exchanges continue to enhance their services and cater to the needs of both individual and institutional investors.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | ðŸ‡ðŸ‡° |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | Interactive Brokers, Victory Securities, BGX, Hashkey, OSL |
| Currencies | Bitcoin, Ethereum |
| Securities | None |
