HashKey will launch a retail virtual asset trading application next week, limiting virtual asset investments to no more than 30% of total assets

ChainCatcher news, HashKey will launch a trading platform application for retail investors on August 28. HashKey Group's Chief Operating Officer, Weng Xiaoqi, stated that retail investors will initially be able to invest in BTC and ETH, with a restriction that investments in virtual assets cannot exceed 30% of their total assets.

Weng Xiaoqi mentioned that to establish a tiered system for retail investors, KYC will be used to assess investors' past experiences and risk tolerance, and a questionnaire will determine their understanding of virtual assets as securities, with limited investment opportunities for beginners. The first batch of retail investors will only be able to trade Bitcoin and Ethereum, as currently, 70-80% of market transactions are concentrated in these two cryptocurrencies. He stated that the Hong Kong Securities and Futures Commission has not yet approved margin and derivative trading tools, and in the future, when regulatory approval is granted, related products will also be tiered and offered to different types of users.

ChainCatcher previously reported that on August 3, HashKey Exchange announced that it will soon open services to retail users, and based on local regulatory policies, it will not accept account opening requests from mainland China users for the time being.