HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, announced today that it has reached a strategic partnership with Coins.ph, the leading cryptocurrency trading platform and digital wallet in the Philippines. This partnership marks HashKey Exchange's official entry into the Southeast Asian market and promotes the establishment of a compliant digital asset infrastructure between Hong Kong and the Philippines, providing more convenient financial services to users in both places.
The cooperation aims to provide users in the Philippines and Hong Kong with a seamless digital asset service channel that is fully regulated and available around the clock. Through the system connection between HashKey Exchange and Coins.ph, users can enjoy efficient digital asset services and significantly reduce the friction of capital flow. HashKey Exchange holds a license from the Hong Kong Securities and Futures Commission (Type 1 and Type 7) and is regulated by the Anti-Money Laundering Ordinance, setting a benchmark for compliant and secure virtual asset trading services.
Randall Chan, Managing Director of HashKey Exchange, said: "We are pleased to work with Coins.ph to build a secure and transparent digital asset service corridor. This is also an important step for HashKey Exchange to enter the Southeast Asian market. In the future, we will continue to expand regional cooperation and promote the development of a global compliant trading network."
“This collaboration is not only significant for cryptocurrency users, but will also benefit millions of Filipinos who have close ties to Hong Kong,” said Wei Zhou, CEO of Coins.ph. “With Coins.ph’s local platform in the Philippines and HashKey Exchange’s compliant foundation in Hong Kong, we are building a 24/7 crypto-financial bridge to bring faster, lower-cost, and more accessible digital asset services to the masses.”
This cooperation also lays the foundation for institutional-level digital asset services in Southeast Asia. HashKey Exchange will open up its compliance operations and liquidity management experience to partners to promote financial innovation in the Southeast Asian market. Randall Chan emphasized: "As the regulatory framework in Asia and even the world becomes clearer, we are expanding a secure, compliant and interoperable framework to support sustainable financial innovation."
“Our goal is not just to build a channel, but to build an interconnected Asian digital asset network.” Wei Zhou added, “As the regulatory system continues to improve in Asia, we are accelerating our layout and gradually expanding our service scope from individual users to institutional clients to meet the growing demand for digital asset services.”
The collaboration between HashKey Exchange and Coins.ph marks an important milestone in this process and demonstrates the broad potential of the growing maturity of the Asian crypto ecosystem. As the digital asset sector in Southeast Asia continues to develop, this collaboration demonstrates the ideal state of digital asset mobility in the future - fast, secure, compliant, and available 24/7.
*As of January 31, 2025, HashKey Exchange is ranked 7th on CoinGecko and is the highest-ranked licensed virtual asset exchange in Hong Kong.
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About HashKey Exchange
HashKey Exchange is committed to defining new benchmarks for virtual asset exchanges in terms of compliance, fund protection, and platform security. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has been approved by the Securities and Futures Commission (SFC) of Hong Kong and holds Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services) under the Securities and Futures Ordinance, as well as a virtual asset trading platform license under the Anti-Money Laundering Ordinance, and operates a virtual asset trading platform in compliance with regulations. As the flagship business of HashKey Group, HashKey Exchange provides one-stop virtual asset trading services for professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. In order to comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States and certain other jurisdictions. This material has not been reviewed by the Securities and Futures Commission.
For more information, please visit HashKey Exchange. Follow us on Twitter and LinkedIn. For media inquiries, please contact: HashKey Exchange Jade Shi Senior PR Manager jade.shi@hashkey.com
About Coins.ph
Coins.ph is committed to promoting the development of the next generation of the Internet through convenient digital assets and Web3 products and services. Founded in 2014, the company has become the most influential cryptocurrency brand in the Philippines, winning the trust of over 18 million users. Users can buy and sell a variety of cryptocurrencies and enjoy diversified financial services through easy-to-use mobile applications.
Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first crypto company in Asia to hold both a virtual currency operating license and an electronic money issuance license issued by the central bank.
