Quick overview
HashKey Exchange launched in 2018 as one of the first SFC-licensed retail exchanges in Hong Kong. It offers HKD and USD fiat access, spot and futures trading, and compliance-focused infrastructure suitable for professional users.
Licensing and compliance
HashKey holds SFC Type 1 and 7 licenses and a Class F license from Bermuda. It's also certified under ISO 27001 and ISO 27701. Plans are underway for institutional custody insurance and proof-of-reserves mechanisms. KYC and AML are enforced.
Fees and token utility
Standard fees are ~0.12% for spot and 0.025/0.06% for futures. VIP tiers cut maker fees to zero and reduce taker rates to 0.03%. HSK token users get a 5% discount, and fee-free promotions are occasionally offered.
Fiat access and trading pairs
Supports HKD and USD deposits via banks and card gateways. Around 19 coins are listed across 27 pairs. Liquidity is solid on majors, but overall depth is limited. No margin or lending features currently exist.
Platform tools and UX
Offers both web and mobile platforms with institutional-grade APIs. However, users report re-login issues, UI slowness, and inconsistent withdrawal fees. Tools are geared toward professional users, but lack margin functions.
Trust and feedback
HashKey is globally recognized for its regulatory integrity. Community feedback praises its licensing and fund safety. Downsides include delayed support replies and basic trading features lacking depth.
Final verdict
HashKey Exchange is best for users who prioritize compliance, security and fiat access in a regulated setting. It's well-positioned for professionals in Hong Kong and similar jurisdictions, but too narrow for global crypto traders needing range, margin or rapid UX.