HashKey supports overnight foreign exchange, becoming the first licensed exchange to fully enable 7x24 hour fiat currency conversion
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HashKey supports overnight foreign exchange, becoming the first licensed exchange to fully enable 7x24 hour fiat currency conversion
This update addresses the time limitations of HashKey Exchange's fiat gateway and supports the improvement of Hong Kong's digital financial infrastructure.
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HashKey Exchange, a leading licensed virtual asset trading platform in Hong Kong, today announced support for after-hours foreign exchange between the US dollar and Hong Kong dollar. This marks the first time a licensed virtual asset platform in Hong Kong has enabled both retail and institutional clients to conduct 7×24 hour fiat currency exchange, allowing more users to enjoy a fund management experience closer to native crypto markets.
In the past, HKD-USD exchange was limited by banking hours, making it difficult for institutions to hedge at night and for individuals to transfer funds promptly. With after-hours FX now available, HashKey Exchange will process requests outside of banking hours, enabling users to complete exchanges at any time without waiting for banks to open or performing additional steps.
As a licensed platform, all funds used by HashKey Exchange for after-hours FX are fully segregated from operational capital and monitored in real time by the system, ensuring that after-hours exchanges are as secure and reliable as those during regular hours.
This update addresses previous time constraints in HashKey Exchange’s fiat on-ramp, contributing to the improvement of Hong Kong’s digital financial infrastructure. Whether institutional investors needing real-time position adjustments or individual users wishing to convert funds anytime, all can now enjoy a continuous and seamless exchange experience within a regulated environment.
“Fiat liquidity has long been one of the biggest barriers for institutions entering the digital asset space,” said Randall Chan, Managing Director at HashKey Exchange. “After-hours FX significantly reduces time constraints for institutions in hedging, fund transfers, and settlements, enabling safe fund movement at any time. Going forward, we will continue integrating trading, deposits/withdrawals, custody, and settlement to build a comprehensive liquidity infrastructure—ensuring user funds are both instantly accessible and fully compliant with regulations.”
About HashKey Exchange
HashKey Exchange is committed to setting new benchmarks in compliance, fund protection, and platform security. Hash Blockchain Limited (HashKey Exchange) is among the first licensed retail virtual asset exchanges in Hong Kong. It has received approval from the Securities and Futures Commission (SFC) to hold Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services) licenses under the Securities and Futures Ordinance, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance, and operates its virtual asset trading platform in full compliance. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy Information Management) certifications. To comply with applicable laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, or certain other jurisdictions.
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