OCX and the operator of the HashKey exchange to develop the blockchain infrastructure in Hong Kong

Previously, OKX’s venture capital division also participated in HashKey’s $100 million funding round

24.01.2024 - 14:48

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2 min

What’s new? Leading crypto exchange OKX has entered into a strategic partnership with HashKey Group, operator of Hong Kong’s first licensed crypto exchange, HashKey Exchange. The parties intend to work together to develop blockchain infrastructure and create new products, as well as launch educational initiatives for aspiring crypto investors, all of which will be focused on the PRC’s Special Administrative Region market.

Press release

What else is known? OKX also announced that its venture capital arm participated in HashKey Group’s $100 million Series A funding round. It resulted in HashKey Group’s value crossing the $1 billion mark in mid-January.

Also in January, blockchain game publisher Animoca Brands entered into a strategic partnership with the HashKey exchange to develop Web 3.0 infrastructure.

According to TokenInsight, OKX had the most significant market share growth among the largest centralized exchanges for 2023 (+4,3%). Its share at the end of December was 16,1%. At the same time, derivatives account for more than 90% of trading volume on the platform.

In January, OKX received a license to serve retail investors in Dubai.

In addition, industry representatives believe that the Hong Kong regulator will allow spot exchange-traded funds (ETFs) based on cryptocurrencies to enter the local market as early as in the first quarter of this year.

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