TechFlow news, according to Cointelegraph, a representative from HashKey Group said HashKey is optimistic about the development prospects of Web3 in the region, thanks to support from the government and the Securities and Futures Commission. The exchange aims to attract between 500,000 and 1 million domestic and international users by the end of 2023.
A new cryptocurrency bull market is expected between 2024 and 2025. As retail investors now have easier access to and ability to trade cryptocurrencies, HashKey forecasts that the number of crypto users in Hong Kong will grow to between 10 and 15 million within the next two years.
Livio Weng, Chief Operating Officer of HashKey Group, emphasized the importance of proactive regulation by the Hong Kong government and the Securities and Futures Commission as a key driver for the growth of the Web3 ecosystem. He stated that this regulatory environment is expected to attract global Web3 talent and capital, thereby accelerating technological and business innovation.
