Crypto Exchange Hashkey Group Joins Unicorn Club with $100 Million Funding Round

Hashkey Group, a Hong Kong-based crypto exchange, has raised nearly $100 million in a Series A funding round, valuing the company at over $1.2 billion and making it a unicorn. The funds will be used to expand the company's "Web3 ecosystem" and diversify its licensed business in Hong Kong. Existing shareholders and new investors participated in the round, including OKX Ventures, the investment arm of Seychelles-based crypto exchange OKX. Hashkey has been capitalizing on the Hong Kong government's ambition to turn the city into a crypto hub, and is one of two firms in Hong Kong approved to offer retail crypto trading services.

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