Yahya 
After Avalanche (AVAX) and Chainlink (LINK) were approved for trading on one of only two fully controlled exchanges within Hong Kong, retail bitcoin investors there now have additional investing alternatives. Retail Hong Kong investors were only allowed Bitcoin and Ether before this clearance.
Since there were no legal problems, HashKey CEO Livio Weng opted to include Avalanche and Chainlink instead of many other cryptocurrencies with more market value. Weng thinks that this action represents a major turning point in Hong Kong’s expanding Web3 industry, which acquired impetus after U.S. political events especially when former President Trump voiced support of Web3 developments.
Native of the Avalanche network, AVAX ranks 13th among all the cryptocurrencies with a market value of $9.3 billion. Linked to the Chainlink oracle network, LINK comes in at number sixteen with a $6.9 billion market value. Now freely accessible on Hashkey versus the US currency for retail trade.
After the licencing enhancement in Hashkey and OSL, which is the second fully licenced market in Hong Kong, the retail identified trading business began in August, 2023. Prior to this, many exchanges were under “deemed to be licensed”; however, the Hong Kong Securities and Futures Commission (SFC) asked the ones that did not have full licenses or the necessary status to cease operations by June, 1.
Weng also said that other cryptocurrencies might be let for retail trading on Hashkey in the next weeks, thus increasing the investing possibilities for Hong Kong’s retail players.
Given the changing worldwide scene over bitcoin ownership, this law change signals a major turning point in Hong Kong’s aspirations to establish herself as a center for digital assets.
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