- HashKey Alternate 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 through Avalanche and ERC20 networks respectively.
HashKey Alternate, one in every of 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 accessible 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 listing 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 Consumer Kind:… pic.twitter.com/uxDzFiyHUl— HashKey Alternate (@HashKeyExchange) August 28, 2024
Hong Kong retail traders 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 traders had entry to a broader vary of cryptocurrencies.
Retail traders had been beforehand restricted to only Bitcoin (BTC) and Ethereum (ETH).
The inclusion of AVAX and LINK is anticipated to reinforce the buying and selling expertise for retail customers, providing them entry to 2 extra distinguished 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 consequence of their authorized readability, avoiding the regulatory issues confronted by many bigger cryptocurrencies.
HashKey Alternate will permit deposits and withdrawals of AVAX by the Avalanche community and LINK through the ERC20 community.
Nonetheless, 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 surroundings.
