Hong Kong-based HashKey will unify its cryptocurrency exchange branches, allowing users from the Hong Kong, global, Singapore and Middle East regions to operate the same platform.
HashKey Holdings, a digital asset services company in Hong Kong, has merged its exchanges HashKey Exchange and HashKey Global into a single platform and application.
According to Monday’s announcement, major jurisdictional centers including Hong Kong, Singapore, the Middle East (Dubai) and Bermuda have been merged under one platform. The move marks a departure from the early stages of the virtual assets industry, when licensed exchanges typically operated under regional siled models to simplify regulatory compliance. HashKey said.
The transition follows the principle of “unified entry, localized compliance”, where all users download the same application while the platform manages compliance in their specific legal domain – Hong Kong, Global, Singapore and Middle East regions.
The result is a single interface that simplifies access to systems that are managed locally to comply with local regulations.
Other platforms, including OKX, present their websites and mobile apps as one platform, with terms that assign customers to different providers based on where they live. Legally, the same platform is based on separate entities for Singapore, Dubai, Australia, EEA, Brazil and the United States.
Kraken then similarly integrated Dutch broker BCM into its platform acquiring it in September 2024. Kraken in August he started serving the European Economic Area through its Irish entity MiCA under a similar harmonized regulatory framework.
