Originally published on: August 28, 2024
Cryptocurrency investors in Hong Kong now have more choices with the addition of Avalanche (AVA) and Chainlink (LINK) trading on HashKey, one of the only fully licensed exchanges in the region. Previously, retail investors in Hong Kong were limited to Bitcoin and Ether, but now they can access these new coins.
Avalanche (AVAX) is priced at $26.40 and Chainlink (LINK) at $11.83, available for trading against the US dollar on HashKey. The decision to list these coins was made because they do not pose any legal conflicts, unlike some other cryptocurrencies with larger market caps. Avalanche is the native coin of the Avalanche network with a market cap of $9.3 billion, ranking as the 13th largest, while Chainlink, the coin of the Chainlink oracle network, holds a market cap of $6.9 billion, ranking 16th.
HashKey CEO Livio Weng mentioned that the exchange may introduce more cryptocurrencies for retail trading approval in the near future, potentially within weeks. Hong Kong expanded retail crypto trading permissions in August 2023, allowing exchanges like HashKey and OSL to offer trading services to retail investors.
Retail investors can now enjoy a wider range of investment options with the addition of AVA and LINK on HashKey, making it an exciting time for cryptocurrency trading in Hong Kong. Stay tuned for more updates on the latest cryptocurrency trends and news to make informed decisions for your investment ventures. Subscribe to our newsletter for the latest updates and insights on cryptocurrency laws and guidelines.
