HashKey Supports Nighttime Currency Exchange, Becoming First Licensed Exchange to Fully Enable 24/7 Fiat Conversion

深潮Опубликовано 2025-12-18Обновлено 2025-12-18

Введение

Hong Kong's licensed virtual asset exchange platform, HashKey Exchange, has announced the launch of overnight USD-HKD currency exchange services, making it the first licensed platform in Hong Kong to offer round-the-clock fiat currency conversion for both retail and institutional clients. This upgrade allows users to enjoy near-native crypto market liquidity at any time of day. Previously, currency exchanges were limited to banking hours, restricting institutions from hedging overnight and individuals from transferring funds promptly. With the new service, HashKey will process conversion requests outside regular banking hours, enabling seamless transactions without delays. As a licensed platform, all funds used in overnight exchanges are fully segregated from operational funds and monitored in real-time to ensure security. The move enhances Hong Kong’s digital finance infrastructure, providing both institutional and retail users with continuous, regulated, and reliable conversion services. Randall Chan, Managing Director of HashKey Exchange, stated that fiat liquidity has been a major barrier for institutional entry into digital assets. Overnight conversion reduces time constraints for hedging, transfers, and settlements, allowing secure capital flow at all hours. The platform aims to further integrate trading, deposits/withdrawals, custody, and settlement into a comprehensive liquidity infrastructure.

Hong Kong's leading licensed virtual asset trading platform, HashKey Exchange, today announced support for USD and HKD nighttime currency exchange. This marks the first time a licensed virtual asset platform in Hong Kong simultaneously assists both retail and institutional clients with 24/7 fiat currency conversion, allowing more users to enjoy a funds mobilization experience close to that of the native crypto market.

Previously, HKD and USD exchanges were limited by banking hours, making it difficult for institutions to hedge at night and for individuals to transfer funds promptly. With the opening of nighttime currency exchange, HashKey Exchange will assist in processing requests outside of bank operating hours, enabling users to complete exchanges at any time without waiting for banks to open or performing additional operations.

As a licensed platform, every fund used by HashKey Exchange for nighttime currency exchange will be completely segregated from the platform's operational funds and monitored in real-time by the system, ensuring that nighttime exchanges are as safe and reliable as those during daytime hours.

This update addresses the time limitations of HashKey Exchange's fiat channels and contributes to the improvement of Hong Kong's digital financial infrastructure. Whether it's institutional investors needing real-time position adjustments or individual users hoping to exchange funds at any time, all can now enjoy a continuous and smooth conversion experience within a regulated environment.

Randall Chan, Managing Director of HashKey Exchange, stated: "Fiat liquidity has been one of the biggest obstacles for institutions entering the digital asset space. Nighttime currency exchange significantly reduces the time constraints for institutions in hedging, transfers, and settlements, allowing funds to flow safely at any time. Moving forward, we will continue to integrate trading, deposits and withdrawals, custody, and settlement to build a complete liquidity infrastructure, ensuring users' funds are both readily available and always within regulatory oversight."

About HashKey Exchange

HashKey Exchange is committed to defining new benchmarks for virtual asset exchanges in compliance, fund security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is one of Hong Kong's first licensed retail virtual asset exchanges. It has currently obtained approval from the Hong Kong Securities and Futures Commission (SFC) to hold licenses under the Securities and Futures Ordinance for Type 1 (dealing in securities) and Type 7 (providing automated trading services), as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance, operating a virtual asset trading platform in compliance. HashKey Exchange has obtained ISO 27001 (information security) and ISO 27701 (data privacy) management system certifications. To comply with laws and regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions.

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Связанные с этим вопросы

QWhat is the service that HashKey Exchange has announced support for?

AHashKey Exchange has announced support for USD and HKD night-time currency exchange.

QWhich user groups does HashKey Exchange's new service benefit, according to the announcement?

AThe new service benefits both retail and institutional clients, allowing them to perform 7x24 fiat currency exchanges.

QWhat was the main limitation for HKD and USD exchanges before this update?

APreviously, HKD and USD exchanges were limited by banking hours, making it difficult for institutions to hedge at night and for individuals to transfer funds promptly.

QHow does HashKey Exchange ensure the safety of funds during night-time exchanges?

AAll funds used for night-time exchanges are completely segregated from the platform's operational funds and are monitored in real-time by the system, ensuring safety and reliability.

QWhat licenses does HashKey Exchange hold according to the article?

AHashKey Exchange holds Type 1 (dealing in securities) and Type 7 (providing automated trading services) licenses under the SFO, as well as a virtual asset trading platform license under the AMLO.

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HashKey Supports Nighttime Currency Exchange, Becoming First Licensed Exchange to Fully Enable 24/7 Fiat Conversion

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