Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
A D New Crypto Exchanges

HashKey Exchange

HashKey

Hash Blockchain Limited (HashKey Group)

Status
Private company
Legal HQ
Hong Kong
Founded
2018
Corporate site
group.hashkey.com
Valuation
$1.2B
Latest round
Series A — circa $100M (gennaio 2024)

Main investors / shareholders

  • OKX Ventures · Other
  • Gaorong Ventures · Other

HashKey Group is a Hong Kong-based digital asset financial services group founded in 2018. In January 2024 it raised roughly $100 million in a Series A round, reaching unicorn status at a $1.2 billion valuation — the first crypto unicorn of 2024. The exchange is operated by Hash Blockchain Limited, holder of SFC Hong Kong Type 1 and Type 7 licences. The company is not publicly listed.
4.5/5 1.2/5
Taker fee 0.1%

Data verified on unchanged since the sources

Worth it if you trade from Asia and put oversight first: a Hong Kong SFC licence (Type 1 and Type 7), the city's first retail platform and a gateway to crypto ETFs.

Avoid it if you live in Italy, where it's unavailable, or you watch the price: 0.1% taker and 0.05% maker fees, and no documented Proof of Reserves.

Visit official website ↗

HashKey is an exchange licensed by Hong Kong's SFC, one of the strictest regulators, as the city's first retail platform and a gateway to crypto ETFs in Asia. Its strong Hong Kong focus means global expansion is still underway and limited for now.

73
Transparency: Medium
73/100 · see methodology
73
Data exposure: Medium
73/100 · lower is better for sovereignty · methodology

Data & conditions

Maker / Taker fee 0.05% / 0.1%
Markets Spot + Derivatives
Supported assets 80+
Trading pairs 30+
Fiat on-ramp Yes
Deposit methods Bonifico bancario (Standard Chartered Bank, ZA Bank), FPS (Faster Payment System) per HKD, Bonifico USD
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries APAC · 5+ countries
Regulator SFC
OAM Italy registration No
Segment B2C
MiCA / License status SFC Hong Kong + VARA Dubai SFC Hong Kong (VASP)

Strengths

  • SFC Hong Kong (più restrictive): before license retail HK; ETF crypto Asia gateway.
  • No notable sovereignty advantage documented.

Weaknesses

  • Focus Hong Kong; espansione global limited.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (SFC Hong Kong (VASP)): reporting to authorities and freezes on order.

Verdict

A D ★ 4.5/5 ★ 1.2/5

The high rating stems from Hong Kong's SFC licence, one of the strictest regulators, with HashKey as the city's first authorized retail platform and a gateway to crypto ETFs in Asia: a strong compliance assurance. Fees are not the strong point (0.1% taker, 0.05% maker, above the more aggressive rivals) and the heavy Hong Kong anchoring means limited reach, with unavailability in Italy making it effectively inaccessible to the local reader.

Through this lens the judgment drops sharply: HashKey is custodial, enforces full KYC and scores low on privacy (3/10), all traits that flow precisely from the SFC licence that makes it valuable on the Tutela side. It is a venue designed to operate within the rules, not around them: anyone seeking self-custody, anonymity or censorship resistance won't find what matters here.

Privacy & anonymity 30% 0.8
Fund control 20% 0.0
Censorship resistance 20% 1.5
Costs 10% 4.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

Reputation

What happened to people who used HashKey Exchange, and what users say. External signals: they do not feed the promp.it rating.

Incidents & regulatory actions

No known incident

Search across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.

verified on

Public reviews

3.5/5 258 reviews
  • App Store ↗ 3.5/5 258 reviews

    'HashKey Exchange' app (id 6448627365), Hong Kong App Store storefront (not listed in the US store). Exact average and count from itunes lookup.

  • Trustpilot ↗ 2.3/5 9 reviews sample too small for the average

    Very small sample (9 reviews), below the 10-review threshold; mostly 1-star. TrustScore re-verified by the orchestrator via browser.

Weighted average across 1 public review platform (258 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.

FAQ

What are HashKey Exchange's fees?

On HashKey Exchange, spot fees are maker 0.05% / taker 0.1%. They drop with monthly volume and VIP tier.

Is HashKey Exchange regulated in Europe?

Regulatory status of HashKey Exchange: SFC Hong Kong (VASP). Licence: SFC Hong Kong + VARA Dubai (HK).

Does HashKey Exchange publish Proof of Reserves?

Proof of Reserves publication is not documented for HashKey Exchange. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.

Can I send transfers to third-party IBANs from HashKey Exchange?

No, HashKey Exchange is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.

Does HashKey Exchange support derivatives and futures?

HashKey Exchange offers derivatives trading.

Sources

Show 6 more sources

Update history

✓ Terms unchanged since Jun 1, 2026

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