HashKey Exchange Launches 24/7 Overnight USD/HKD Fiat FX in Hong Kong, Boosting Crypto-Fiat Liquidity
HashKey Exchange, a licensed virtual asset platform in Hong Kong, has unveiled overnight USD-HKD foreign exchange, delivering 24/7 fiat funding for both retail and institutional clients—the first service of its kind among HK-licensed venues.
Users can complete exchanges outside traditional banking hours, enabling a seamless funding experience without operational delays. All funds used for overnight FX are segregated from platform assets and under real-time monitoring to maintain security and reliability.
Randall Chan, Managing Director, notes that fiat liquidity has long been a hurdle for institutions seeking crypto exposure; overnight FX reduces hedging, transfer, and settlement frictions, building a more robust liquidity infrastructure within a regulated framework.
HashKey emphasizes its compliance posture, citing SFC approval and licenses under the Securities and Futures Ordinance, including Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services), plus ISO 27001 and ISO 27701 certifications.