Hong Kong's largest licensed virtual asset exchange HashKey Exchange today announced a strategic partnership with Coins.ph, a leading cryptocurrency trading platform and digital wallet in the Philippines.
This cooperation marks the formal establishment of HashKey Exchange in the Southeast Asian market and promotes the construction of compliant digital asset infrastructure between Hong Kong and the Philippines, providing more convenient financial services for users in both regions.
This collaboration aims to provide a seamless digital asset service channel for users in the Philippines and Hong Kong that operates around the clock and under full regulation. Through the system integration of HashKey Exchange and Coins.ph, users can enjoy efficient digital asset services, significantly reducing the friction of capital flow. HashKey Exchange holds licenses from the Hong Kong SFC (Type 1 and Type 7) and is regulated under the Anti-Money Laundering Ordinance, setting a benchmark for compliant and secure virtual asset trading services.
Randall Chan, Managing Director of HashKey Exchange, stated: "We are excited to partner with Coins.ph to jointly build a secure and transparent digital asset service corridor. This is also an important step for HashKey Exchange's layout in the Southeast Asian market, and in the future, we will continue to expand regional cooperation and promote the development of a global compliant trading network."
"This partnership is significant not only for cryptocurrency users but will also benefit millions of Filipinos closely connected 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 crypto-financial bridge that operates around the clock, bringing the public faster, lower-cost, and more accessible digital asset services."
This collaboration also lays the foundation for institutional-level digital asset services in Southeast Asia. HashKey Exchange will share its compliance operations and liquidity management expertise with partners to support financial innovation in the Southeast Asian market. Randall Chan emphasized: "As regulatory frameworks become increasingly clear in Asia and globally, we are expanding a secure, compliant, and interoperable framework to support sustainable financial innovation."
"Our goal is not just to establish a corridor, but to build an interconnected Asian digital asset network," Wei Zhou added. "As regulatory systems continue to improve in Asia, we are accelerating our layout, and our service scope will gradually expand 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 vast potential of the increasingly mature Asian cryptocurrency ecosystem. With the continuous development of the digital asset sector in Southeast Asia, this cooperation showcases the ideal state of future digital asset flow—fast, secure, compliant, and available 24/7.
*As of January 31, 2025, HashKey Exchange ranked 7th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.
About HashKey Exchange
HashKey Exchange is committed to setting a new benchmark for virtual asset exchanges in terms of compliance, fund security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has obtained approval from the Hong Kong Securities and Futures Commission (SFC) and holds licenses for Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services) under the Securities and Futures Ordinance, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance, ensuring compliant operation of the virtual asset trading platform. As the flagship business of HashKey Group, HashKey Exchange provides one-stop virtual asset trading services for professional investors (PIs) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. 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 details, please visit HashKey Exchange. Follow us on Twitter and LinkedIn. For media inquiries, please contact: HashKey Exchange Jade Shi Senior PR Manager [email protected]
Disclaimer
About Coins.ph
Coins.ph is dedicated to promoting the development of the next generation of the Internet through convenient digital asset and Web3 product services. Founded in 2014, it has become the most influential cryptocurrency brand in the Philippines, earning the trust of over 18 million users. Users can buy and sell various cryptocurrencies and enjoy diversified financial services through an easy-to-use mobile application.
Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first cryptocurrency company in Asia to hold both a virtual currency operation license and an electronic money issuance license issued by the central bank.
