HashKey Group and OKX are considering teaming together to boost cryptocurrency innovation in Hong Kong
OKX is considering forming a partnership with HashKey Group, a Web3 technology business, to encourage the development and use of virtual assets in the Hong Kong market.
In an effort to encourage the development and acceptance of virtual assets in the Hong Kong market, the OKX cryptocurrency exchange and the HashKey Group, a Web3 technology company, are exploring potential partnerships.
The two organizations’ joint press release on Tuesday provided details on the partnership’s plans to advance blockchain infrastructure, new product development, virtual asset investing education and awareness campaigns, among other crypto-related initiatives.
The release states that OKX and HashKey Group will focus on projects that adhere to the regulatory environment of Hong Kong.
One of the world’s most rapidly developing crypto centers, OKX, and HashKey Group want to use their individual capabilities and resources to propel expansion across Hong Kong.
The announcement today follows days after OKX’s announcement that it had received a VASP license from VARA, the market regulator in Dubai.
The OKX crypto exchange’s native token, OKB, saw its price drop from over $52 to $39. Due to the early morning flash collapse, OKB’s market value decreased by about $700 million.
Even though OKX has made up for some of its losses, it is still trading below $50. As the whole cryptocurrency market continues to drop, its current price—which is close to $45—is vulnerable to further drops.
According to a previous post by OKX CEO Star Xu on X, the exchange is now examining the flash collapse. For the crypto community, he has pledged to provide an update.
Wallets