TechFlow news: HashKey Group has received approval from the Securities and Futures Commission to launch a virtual asset trading platform for retail investors on August 28. In an exclusive interview, HashKey Chief Operating Officer Weng Xiaoqi revealed that the platform will only allow retail investors to trade Bitcoin and Ethereum, and users will be restricted from investing more than 30% of their total assets in virtual assets.
Weng Xiaoqi believes that a bull market for cryptocurrencies is expected in the next one to two years, driven by factors such as the Bitcoin halving, Ethereum's scalability upgrades, and anticipated interest rate cuts in the United States. He emphasized that HashKey’s timing in obtaining its license is ideal, positioning the platform to optimize its products and mechanisms to fully capitalize on this upcoming wave of opportunities.
HashKey will classify users based on their prior experience and risk tolerance, limiting participation for beginners. The platform will also partner with several commercial banks to provide deposit and withdrawal services in fiat currencies.
Weng added that HashKey is currently in discussions with regulators to potentially include stablecoins and introduce limited leveraged trading. He expects that once the bull market arrives, traditional banks' attitudes toward virtual assets will shift significantly. HashKey’s next strategic step includes expanding into institutional services, particularly focusing on custody solutions.
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