HashKey Group Receives Regulatory Approval to Offer Off-Platform OTC Trading
• Digital asset management firm HashKey Group has received regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong to expand its over-the-counter (OTC) trade offerings.
• The SFC’s approval will allow the trading firm to provide its clients with more investment options in a secure and transparent environment.
• HashKey is working on launching HashKey PRO, a regulatory-compliant exchange designed to foster increased trust and transparency among investors.
What is Over-the-Counter Trading?
Over-the-Counter (OTC) trading is a form of trading that happens outside of traditional exchanges. It involves two parties directly exchanging assets without needing an intermediary or third party to make the transaction happen. OTC transactions are often used by institutional investors or large corporations who need to buy or sell large amounts of assets quickly and efficiently, without having to go through the process of listing them on an exchange first.
HashKey Obtains Regulatory Approval for Off-Platform OTC Trading
Digital asset management firm HashKey Group recently received regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong which allows it to expand its over-the-counter (OTC) trade offerings. With this approval, Hashkey can act as an intermediary for trades even if they involve tokens not listed on their order book, allowing clients more investment options in a secure and transparent environment. To further improve security and trust, the firm is also working on launching HashKey PRO – a regulatory compliant exchange platform.
Benefits of Off Platform OTC Trading
The benefits of off platform OTC trading include lower transaction costs due to fewer middlemen involved in the process, faster execution times as orders don’t have to be listed on an exchange first, higher liquidity thanks to larger block sizes being traded directly between two parties, improved security as transactions occur away from public exchanges; less market manipulation; better pricing as buyers/sellers can negotiate prices directly; and improved privacy since no personal information needs to be disclosed when trading through OTC channels.
By obtaining SFC’s approval for off platform OTC Trading, Hashkey now provides its clients with more investment options in a secure and transparent environment while also working towards improving trust within crypto markets via its upcoming regulated exchange platform – Hashkey Pro.