Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.
Retail cryptocurrency investors in Hong Kong have expanded investment options with the approval of the listing of the Avalanche and Chainlink coins on Hashkey, one of only two fully licensed exchanges in the jurisdiction. Until now, retail offerings in Hong Kong were limited to Bitcoin and Ether.
Professional investors — individuals with a portfolio worth at least 8 million Hong Kong dollars (slightly more than $1 million) or representatives of financial institutions — have a much wider selection of cryptocurrencies to choose from.
Avalanche (AVAX) and Chainlink (LINK) are available to retail on Hashkey for trading against the US dollar. HashKey CEO Livio Weng told the South China Morning Post that those coins were chosen for listing because there are no legal conflicts surrounding them, unlike many cryptocurrencies with larger market caps.
