Crypto exchange HashKey opens Avax, Link sales to retail investors in Hong Kong
The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says
HashKey on Wednesday listed Avax and Link, two smaller cryptocurrency tokens, on its exchange, allowing retail investors in the city to buy them with Hong Kong and US dollars, HashKey CEO Livio Weng said in an interview with the Post on August 22.
“This implies that Hong Kong will speed up in the area of Web3,” he said. “There may be many reasons for this acceleration, but the main catalyst may have been particularly when Trump expressed his intention to have Web3 happen in the United States.”
While lesser known compared with many other cryptocurrencies on the market, HashKey chose these two after considering that many tokens with larger market valuations are mired in legal disputes around the world, Weng added.
Avax, the native token on the Avalanche blockchain, had a total market capitalisation of about US$10.7 billion on Wednesday, according to data from market tracker CoinGecko. Link, used on the Chainlink oracle network, had about US$7 billion worth of tokens in circulation. Both are among the top 20 largest cryptocurrencies by market cap, a key metric in Hong Kong to determine whether it can be offered to retail investors.
