Hashkey Global, the crypto group’s latest exchange, aims to expand outside its native Hong Kong and take on Coinbase’s international exchange.
Crypto service provider HashKey Group has joined rival Coinbase in launching a global crypto exchange based out of Bermuda called HashKey Global.
Hashkey Global managing director Ben El-Baz told Bloomberg on April 8 that after it saw Coinbase score a Bermuda license to operate its international exchange, it “looked at all the different options, and we found that to be a very, very suitable and good regulatory regime for us to expand from."
He added after FTX collapsed in 2022, exchange users now “better understand what counterparty risk looks like for exchanges” and believed there was a gap for HashKey Global to combine the “user experience and product experience” of Binance and the “regulatory and safety back end” of Coinbase.
