HashKey’s HSK Soars 90% This Week as Mainland China Brokers Eye Crypto
The Hong Kong crypto exchange’s token surged after a China-linked brokerage received approval to offer crypto trading in the special administrative region.
Hong Kong-licensed cryptocurrency exchange HashKey’s native token HSK has gained about 90% over the past seven days, per data from CoinGecko. The price surge comes amid reports this week that Guotai Junan International, a Hong Kong-based subsidiary of one of China’s largest brokerages, has received regulatory approval to upgrade its license to offer crypto trading services.
The move makes Guotai Junan one of the first mainland-backed Chinese brokerages in Hong Kong that is licensed to provide crypto trading. According to media reports, Guotai Junan’s clients in Hong Kong can…
