Oliver Knight
1 min read
Hong Kong-based trading platform HashKey Group has announced the listing of XRP XRP for professional investors.
The company said in a tweet that spot XRP/USD markets are now live, although the trading pair notched just $4,000 in volume in the first hour after listing.
HashKey Group is licensed by the Hong Kong Securities and Futures Commission (SFC) and targets institutional investors in Asia.
The listing comes after XPR was selected as one of five assets to be included in included in the U.S. strategic crypto reserve.
HashKey Group cited XRP's resurgence in late 2024 as a catalyst for this cycle's first altcoin season.
“XRP has long been a foundational asset in the digital economy. What we’re seeing now is global regulatory alignment catching up to that reality. With HashKey Exchange listing XRP, we’re giving professional investors streamlined, compliant access to a coin that has already proven its resilience and utility over time,” said Vivien Wong, partner at Liquid Funds.
XRP is currently trading at $2.19, down 4.4% over the past 24 hours following a wider crypto market sell-off that has seen bitcoin slump to $105,000.
UPDATE (May 30, 13:12 UTC): Removes quote from Fiona Murray and adds quote from Vivien Wong.
