HashKey Wins Approval to Combine Staking with Spot Ethereum ETF Offerings
Hong Kong's regulatory authorities have granted HashKey, a cryptocurrency exchange, the green light to offer staking services.
This approval could pave the way for greater institutional interest in proof-of-stake assets, such as spot Ethereum exchange-traded funds (ETFs), enhancing their appeal to investors.
On April 10, HashKey announced on social media that it had received approval from the Hong Kong Securities and Futures Commission (SFC), which issued new guidelines for Licensed Virtual Asset Trading Platforms (VATPs) and authorized funds on staking services. This makes HashKey one of the first regulated exchanges in Hong Kong to provide such services.
The approval follows a recognition from the China Securities Regulatory Commission (CSRC), which acknowledged the value of staking in enhancing blockchain security and offering investors opportunities for returns in a regulated environment.
With this approval, HashKey is positioned to be a leader in offering staking services for spot Ether ETFs, according to Terence Pu, the exchange’s managing director. Pu explained that in the near future, investors would not only be able to access staking income via Ether ETFs but also directly stake Ether and earn additional returns through HashKey’s services.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
