Today, crypto exchange HashKey revealed its plans to introduce BTC/USD and ETH/USD trading pairs, extending these options to retail investors.
In a significant development, Hong Kong’s crypto exchange HashKey has taken a pioneering step by offering BTC/USD and ETH/USD trading pairs to both professional and retail investors. According to the exchange’s official blog post, retail investors can now access deposits and withdrawals of Bitcoin (BTC) and Ethereum (ETH), showcasing a remarkable move towards greater inclusivity within the digital asset market.
Zero Trading Fees Now Available with HashKey
HashKey Exchange has introduced a significant change by offering zero trading fees for all trading pairs. This move is expected to attract traders looking for affordable ways to manage their cryptocurrency transactions.
The exchange is also being cautious about the risks associated with cryptocurrencies. It acknowledges that the decentralized nature of cryptocurrencies can affect their performance if technical innovations aren’t widely adopted.
Considering the competitive nature of the market, HashKey Exchange warns that both BTC and ETH could potentially be replaced by safer alternatives. This warning comes at a time when both BTC and ETH are facing a downturn due to a marketwide price correction.
HashKey Exchange emphasizes that it serves as a trading platform and not as a participant in asset governance. Users have the opportunity to engage in the governance of their assets by managing their voting rights. However, the exchange does not exercise voting rights on behalf of users. To exercise voting rights, users need to move their assets from the platform.
Recently, HashKey Exchange gained recognition as the first crypto exchange approved by Hong Kong regulators to offer crypto retail services. The exchange went through regulatory processes to secure licenses for providing trading services to both retail and institutional customers.
Anticipated Rebound in BTC and ETH Prices?
This significant announcement has raised traders’ hopes. HashKey Exchange’s bold move to expand trading pairs and offer fee-free transactions has sparked expectations of a positive turnaround amid the current downtrend in the markets for Bitcoin and Ethereum.
Market participants are closely observing how this event might influence the price directions of these leading cryptocurrencies. HashKey Exchange’s strategic offerings are aiming to reshape the cryptocurrency scene. Currently, Bitcoin is trading at $25,896.52, and Ethereum is at $1,633.05.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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