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BTCC / BTCC Square / Global Cryptocurrency /
HashKey’s Rocky Debut Amid Hong Kong’s Crypto Ambitions

HashKey’s Rocky Debut Amid Hong Kong’s Crypto Ambitions

Author:
Global Cryptocurrency
Published:
2025-12-17 03:50:01
15
1
BTCCSquare news:

HashKey Group opened with a brief 3% pop before closing down 2.1% in its Hong Kong trading debut, raising $206 million at HK$6.68 per share. The IPO price landed near the top of its range, but the lukewarm reception suggests investor skepticism about crypto ventures despite Hong Kong's regulatory embrace.

Mainland China's outright ban contrasts sharply with Hong Kong's digital asset ambitions. Yet the tepid market response underscores the gap between regulatory Optimism and trader conviction. Heavyweight backers including Fidelity and UBS failed to ignite sustained demand.

'We're building bridges to digital assets,' declared CFO Eric Zhu, projecting Asian crypto adoption will mirror U.S. growth curves. The charts told a different story.

|Square

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