๐๐๐ BIG NEWS ASIA MARKET๐๐
Hong Kongโs largest crypto exchange sees lukewarm market debut, shares gain 3%
Key Points:
HashKey raised around $206 million in its IPO.
Shares rose 3% on market debut.
We are confident that the [crypto] penetration rate in Hong Kong, in the Asian market, is going to catch up with what happens in the U.S,โ Zhu added.
The worldโs largest cryptocurrency, $BTC bitcoin, has dropped around 36% in about a month after hitting an all-time high and crossing past $126,000 in early October. It is down about 6% so far this year.ย
This is a milestone for the digital asset and wealth management industry in Asia. We believe Hong Kong is establishing itself as a key hub for regulated digital assets in Asia,โ said William Ma, CIO at GROW Investment Group.
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