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HashKey Will Release a Virtual Asset Platform APP for Retail Investors on August 28

According to a report by Trust News, HashKey, a licensed virtual asset platform approved by the Hong Kong Securities and Futures Commission earlier this month, will launch a trading platform application for retail investors on August 28. Livio Weng, CEO of HashKey Group, stated in an interview that initially, retail investors can invest in Bitcoin and Ethereum, and investment in virtual assets will be limited to no more than 30% of total assets.

He revealed that the first batch of retail investors can only trade Bitcoin and Ethereum.  The platform cooperates with multiple commercial banks to provide users with legal currency deposit and withdrawal services, and will first support USD transactions, but not HKD transactions.

Only bank cards are accepted for buying and selling, and credit cards are not supported. If the retail investor's investment in virtual assets exceeds 30% of the total assets on the platform, there will be a risk warning and investment will be restricted. However, the platform cannot truly verify the user's total assets and can only rely on the user's self-provided information.

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