HashKey Exchange is the biggest in Hong Kong
Cryptocurrency exchange HashKey Exchange has been ranked as one of the most trustworthy in the world. The platform, registered in Hong Kong, took 14th place in the ranking. Forbes regularly evaluates digital asset exchanges, and HashKey has made the list for the second consecutive year.
The publication bases its ranking on a number of factors. Forbes evaluates more than 200 crypto exchanges that are on the list of specialised information platforms. These include CoinGecko, CoinMarketCap and CryptoCompare. The analysts select exchanges by asset size, using information from Arkham and DeFiLlama. In the next stage, applicants are assessed on the following characteristics:
– ability to work with BTC and ETH coins;
– payment transaction transparency;
– compliance with regulatory requirements;
– availability of institutional clients;
– volume of spot trading.
They also take the volume of derivative transactions and the level of audit transparency into account. Each platform is assessed using in-depth statistical analysis to provide an objective picture. At the end of the audit, the HashKey exchange received a score of 4.9.
Business overview
The exchange is part of the HashKey Digital Asset Group and is one of the first in Hong Kong. The platform operates under a licence that governs the regulatory framework for digital assets. The parent company focuses on the digital asset and web3 investment sector.
The crypto exchange is developing rapidly and attracting a large number of users. The platform offers a wide range of services and works with different types of clients, including individual investors, financial institutions, and corporations.
In addition to Forbes, HashKey takes the seventh place in the list of global exchanges from Coingecko. According to official data, the exchange achieved the following results in 2024:
– asset volume reached US$10 billion (Hong Kong dollars);
– trading volume was US$600 billion;
– OTC trading volume grew by 160% year-on-year.
The platform has maintained its leadership position in Hong Kong and remains the largest exchange in the region. It is actively strengthening its partnerships with leading financial organisations and institutional clients.
In late 2024, the exchange announced a strategic partnership with investment firm VSG. The cooperation aims to develop the Victory VSG digital asset fund. Among other services, it will manage deposits in stablecoins. The fund will store, trade and settle customer assets via the HashKey exchange. It will use Omnibus solutions and financial APIs.
The fund’s available assets include cryptocurrencies, Hong Kong and US dollars, USDT, and USDC. Victory VSG offers investors a variety of strategies across 30 types of digital assets.
