Hong Kong’s biggest crypto exchange HashKey wins listing nod in test of investor appetite
Crypto exchange operator HashKey Holdings has cleared its Hong Kong listing hearing after an earlier confidential filing, paving the way for a deal that will test investor confidence in the digital asset sector amid evolving regulation.
The operator of Hong Kong’s biggest licensed crypto exchange could raise around US$500 million in a listing this month, according to a source familiar with the matter. HashKey did not disclose the size or the timing of its initial public offering (IPO) in a filing on Monday.
The planned listing comes as China’s central bank reiterated its tough stance on virtual currencies, including stablecoins, and vowed to crack down on illegal activities. Cryptocurrency trading has been banned in mainland…
