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Hong Kong’s HashKey Crypto Exchange Announces Support for Solana

May 25, 2024
1 Min Read

SOL is now included in the list of supported assets by the global branch of Hong Kong's HashKey cryptocurrency exchange.

In an effort to draw in more users from all over the world, HashKey Global, an international cryptocurrency exchange founded by HashKey Group, is adding Solana (SOL) to its list of supported assets.

The exchange announced in a recent press release that spot trading for the SOL/USDT pair would begin on May 24 at 10:00 (UTC). The most recent update broadens HashKey's range of supported assets, which now includes Dogecoin (DOGE), Ethereum (ETH), and Bitcoin (BTC). Nevertheless, users in China and the United States cannot access the trades. Despite the announcement, according to CoinGecko's most recent statistics as of the time of publication, SOL is down about 8% in value, trading at $163.

In an effort to broaden its product offerings internationally, Hong Kong-based HashKey Group introduced the cryptocurrency exchange's international edition in early April. Later, HashKey Group COO Livio Weng explained the reasons for this growth in a media interview, stating that "the local market is not that big" and that "the regulatory burden in the region blocks a lot of global users [..]."

Weng gave a preview of the company's aggressive ambitions to raise more money to support its global commercial endeavors. Reports indicate that HashKey is in negotiations with possible investors, while specifics about the money are yet unknown. Projections point to a funding round that might surpass the $100 million milestone reached in its previous Series A financing.

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