HashKey Holdings Approves IPO, Aiming to Be Hong Kong's First Listed Crypto Exchange

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Derived from Blockbeats, Hong Kong-based virtual asset trading platform HashKey Holdings has passed the Hong Kong Stock Exchange's IPO review on December 1, 2025, with JPMorgan and others serving as joint sponsors. The company is expected to become Hong Kong's first listed crypto firm, holding multiple licenses and reporting over HKD 130 billion in spot trading volume and approximately HKD 29 billion in staked assets. BiyaPay analyst noted that the compliance-driven listing could boost market sentiment. BiyaPay currently supports USDT trading for US and Hong Kong stocks and futures, and users will be able to trade HashKey shares on the platform after its listing.

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