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Hong Kong, September 4, 2025 — HashKey Exchange, Hong Kong’s largest* licensed virtual asset trading platform, has officially launched its Marketplace function. The new function enables OTC block trade users to compare quotes from multiple active liquidity providers in real time, with the option of instant settlement or delayed settlement. This feature is designed primarily for institutional investors, asset management firms, family offices, and high-net-worth clients, but is also partially open to retail users. Key use cases include large-scale asset allocation and quarter-end or month-end settlements.
Traditionally, OTC block trades rely heavily on manual communication and individual quote requests—a time-consuming process prone to inefficiencies and additional costs caused by information asymmetry. HashKey Exchange Marketplace changes that by providing full transparency in quote comparison across multiple liquidity providers, allowing clients to select the most competitive price and track order progress in real time for greater control. The platform adopts an 「all-in pricing」 model, covering all transaction costs in a single quote. Users can also choose between instant settlement (as fast as seconds) and delayed settlement, making large trades safer, faster, and smoother.
Currently, Marketplace aggregates quotes from four active liquidity providers, with transaction sizes ranging from US$10 to US$10 million per trade.
Users can complete an OTC block trade in just three steps:
Request Submission – Selection of token, settlement method, and trade amount.
Quote Comparison – Aggregation of all-in quotes from top market makers for one-click selection.
Trade Execution – Confirmation within the quote validity period, with automatic RFQ ID and transaction record generation for full traceability and auditability.
Emma Shi, Head of HashKey OTC, commented: 「For large-scale traders, transparency builds trust, efficiency creates an edge, and security ensures resilience. That’s why we keep enhancing our product experience—making pricing more transparent, trading more efficient, and settlement more secure. Looking ahead, we’ll continue to navigate with compliance as our compass and put clients at the center as we advance toward a more professional and robust future together.」
HashKey Exchange will continue to optimize the OTC block trading experience, expanding both the depth and breadth of its services. Additionally, the platform plans to foster an open, collaborative ecosystem, promoting industry-wide cooperation and communication to drive the healthy development of the virtual asset market.
About HashKey Exchange
HashKey Exchange is setting a new benchmark for virtual asset trading platforms with its commitment to regulatory compliance, fund security, and platform safety. Operated by Hash Blockchain Limited, it is one of the first licensed retail virtual asset exchanges in Hong Kong. The platform is fully regulated by the Securities and Futures Commission (SFC), holding Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) licenses under the Securities and Futures Ordinance, as well as a virtual asset trading platform license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. As the flagship business of HashKey Group, HashKey Exchange offers a one-stop trading platform for both professional and retail investors. The exchange is certified under ISO 27001 (Information Security Management) and ISO 27701 (Privacy Information Management), ensuring the highest standards of operational and data security.
In strict compliance with applicable regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions.
*As of September 4, 2025, HashKey Exchange ranks 16th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.
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