Emphasising the financing round, the Hong Kong-based exchange added that it attracted new investors, including institutional investors, Web3 institutions and strategic partners
Cryptocurrency exchange HashKey Group has reportedly raised nearly USD 100 million after completing its Series A financing round, at a pre-money valuation exceeding USD 1.2 billion, according to a media report on Tuesday.
Underling the raised capital, HashKey stressed it will be used for strengthening its Web3 ecosystem and enhancing product diversification of its licensed business in Hong Kong. This would also support the Group’s global development, the company added.
Web3 is an internet version that operates on blockchain technology used by crypto assets.
Emphasising the financing round, the Hong Kong-based exchange added that it attracted new investors, including institutional investors, Web3 institutions and strategic partners.
Hashkey has recently obtained a crypto trading license in August. It is the first crypto trading exchange in Hong Kong to offer service to retail users, which has helped the company to prominently expand from a platform serving professional investors to retail users.
Meanwhile, Hashkey is prepping to establish its dominance in the cryptocurrency market. Presently, the crypto market is experiencing a combination of trading activities, with profit booking observed in the leading crypto tokens, as per reports.
Bitcoin, Ethereum, Solana, Cardano and Tron are trading in the negatives, whereas BNB, XRP, Dogecoin, Chainlink and Toncoin are displaying positive gains.
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