Hong Kong's largest licensed virtual asset exchange, HashKey Exchange, today announced a strategic partnership with the leading cryptocurrency trading platform and digital wallet Coins.ph in the Philippines. This cooperation signifies HashKey Exchange's formal entry into the Southeast Asian market and aims to build a compliant digital asset infrastructure between Hong Kong and the Philippines, providing users in both regions with more convenient financial services.
This cooperation aims to provide a seamless, round-the-clock, fully regulated digital asset service channel for users in the Philippines and Hong Kong. Through the system integration between HashKey Exchange and Coins.ph, users can enjoy efficient digital asset services, significantly reducing friction in capital movement. HashKey Exchange holds licenses 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, stated: “We are delighted to partner with Coins.ph to jointly build a safe and transparent digital asset service corridor. This is also an important step for HashKey Exchange in expanding into the Southeast Asian market, and in the future, we will continue to expand regional cooperation to promote the development of a global compliant trading network.”
“This cooperation 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 compliance foundation in Hong Kong, we are building a round-the-clock operational crypto-financial bridge, providing the public with faster, lower-cost, and more accessible digital asset services.”
This cooperation also lays the foundation for institutional-level digital asset services in Southeast Asia. HashKey Exchange will share its compliance operations and liquidity management experience with partners to support financial innovation in the Southeast Asian market. Randall Chan emphasized: “As regulatory frameworks continue to clarify 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 channel but to build an interconnected Asian digital asset network.” Wei Zhou added, “As regulatory systems improve across 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 cooperation between HashKey Exchange and Coins.ph marks an important milestone in this process and demonstrates the vast potential of the increasingly mature Asian crypto ecosystem. As the digital asset field in Southeast Asia continues to develop, this cooperation showcases the ideal state of digital asset flow in the future—fast, secure, compliant, and available around the clock.
*As of January 31, 2025, HashKey Exchange ranks 7th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.
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About HashKey Exchange
HashKey Exchange is committed to setting a new benchmark for virtual asset exchanges in terms of compliance, capital security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is among 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), Type 7 (Automated Trading Services), and for operating a virtual asset trading platform under the Anti-Money Laundering Ordinance, ensuring compliant operation of its virtual asset trading platform. As the flagship business of HashKey Group, HashKey Exchange offers 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. 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 committed to driving 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 crypto company in Asia to hold both a virtual currency operating license and an electronic money issuance license issued by the central bank.