Hong Kong recently revealed its inaugural crypto licenses for local exchanges – a groundbreaking move that could play a major role in shifting the global cryptocurrency market, appealing to more retail traders. Quoted by Forbes, spokesperson from HashKey remarked that the renewed licenses allowed the trading platform to swiftly shift its focus beyond merely sorting professional investors and expand to include people even new to the crypto space. Meanwhile, CEO of OSL, Hugh Madden, expressed his delight on the historic development that has arm users with the freedom to purchase digital assets such as XRP, Bitcoin (BTC), and Ethereum (ETH). AdvertisementOptimism reigned other rhetoric amongst analysts, as Jeremy Allaire, CEO of stablecoin issuer Circle, pointed to Asia – China and Hong Kong in particular – as the main contributor of the increasing interest of cryptocurrencies in the non-conventional trading subs along with establishing the groundwork for the 3 disruptive projects – XRP, BNB, and Cardano (ADA).
