SOL has been added to the list of supported assets by the global branch of the HashKey cryptocurrency exchange based in Hong Kong.
The goal of HashKey Global, an international cryptocurrency exchange that HashKey Group founded, is to draw in more users worldwide by adding Solana (SOL) to its list of supported assets.
In a recent press release, the exchange announced it would begin spot trading for the SOL/USDT pair on May 24 at 10:00 (UTC). With this most recent upgrade, HashKey now supports a wider range of assets, including Dogecoin (DOGE), Ethereum (ETH), and Bitcoin (BTC).
However, US and Chinese users cannot access the trades. According to CoinGecko’s most recent data, SOL is down around 8% in value despite the news, trading at $163.
Hong Kong’s HashKey Group introduced the worldwide version of the cryptocurrency exchange in early April to broaden its product offerings internationally.
Later, in an interview with the media, HashKey Group COO Livio Weng shed light on the motivations behind this expansion, saying “the local market is not that big,” and adding that the regulatory burden in the region “blocks a lot of global users […].”
Looking ahead, Weng described the company’s bold aspirations to raise more money to support its global commercial endeavours. Although specifics about the money are unknown, rumours indicate that HashKey is in discussions with possible investors. Predictions point to a capital round that could surpass the $100 million milestone reached in its previous Series A financing.