HashKey Global's Three Major Market Strategic Layouts Ushering in a New Landscape for the Global Cryptocurrency Market

On January 20, Trump returned to the White House and launched the TRUMP super Memecoin before taking office. Within two days, its FDV surpassed $80

On January 20, former U.S. President Donald Trump returned to the White House and launched the TRUMP super Memecoin before taking office. Within two days, its fully diluted valuation (FDV) soared past $80 billion, causing a stir in both the crypto and global financial markets. This historic moment is also set to become a turning point in crypto regulation, ushering in a new landscape for the global cryptocurrency market.

Meanwhile, at the beginning of 2025, HashKey Global received a series of good news regarding compliance licenses. Following the acquisition of the MVP operating license issued by the Dubai Virtual Assets Regulatory Authority (VARA) on January 8, HashKey quickly obtained the virtual asset service provider (VASP) registration license from the Central Bank of Ireland.

The acquisition of these two important licenses complements its previous layout in the Bermuda market, forming a complete global strategic map. Against the backdrop of Trump's second term in the White House, this diversified market layout strategy is particularly important, as it not only diversifies geopolitical risks but also provides global users with diverse choices.

Three Major Market Strategic Layouts

As the most important offshore financial center in the world, Bermuda far surpasses other offshore markets like the Cayman Islands and the British Virgin Islands, mainly due to its comprehensive financial regulatory framework. The Bermuda Monetary Authority (BMA) has strict regulatory standards and clear policies that enable many top financial institutions to establish professional and compliant operational systems to serve users in the Americas and surrounding regions. Compared to other offshore financial centers, Bermuda is more friendly to the crypto industry, making it a battleground for leading compliant exchanges.

Coinbase was the first to obtain a license from the Bermuda Monetary Authority on April 19, 2023, becoming the first cryptocurrency exchange allowed to operate in Bermuda. In April 2024, HashKey Global obtained an F-class license issued by the Bermuda Monetary Authority (BMA), allowing it to provide licensed virtual asset trading services, including but not limited to LaunchPad, contract trading, leveraged trading, and other mainstream trading and service products.

In October 2024, Kraken obtained an F-class digital business license from the Bermuda Monetary Authority (BMA), allowing it to conduct derivatives trading in Bermuda, including providing wallet services and digital asset lending, enabling Kraken to expand its derivatives market in the region.

Dubai offers a unique environment for blockchain companies, with a strong legal infrastructure, a friendly business environment, and robust leadership and forward-looking regulatory frameworks, rapidly growing into an important hub for the global cryptocurrency market. HashKey Global has always placed great importance on the Middle Eastern market, and the acquisition of the Dubai VARA license marks HashKey's official entry into the Middle Eastern market, opening the door to serve high-net-worth users in the region while providing ample space for business innovation in that area.

The Irish VASP license was obtained under the EU MiCA regulatory framework. According to regulations, all cryptocurrency service providers must complete the licensing requirements under the MiCA framework by December 30, 2024. The acquisition of the Irish VASP license holds special strategic significance, opening the door for HashKey to enter the entire EU market.

Ambition for Global Strategy

After obtaining regulatory licenses in various regions around the world, a grand business map spanning "onshore + offshore" markets is beginning to emerge:

Tim, a director at HashKey Global, recently stated in an interview with Taiwanese media: "HashKey will start from Hong Kong and ultimately provide complete services to users around the world, becoming the Coinbase of the East." This statement fully demonstrates HashKey's ambition for globalization. To some extent, if its global licensing layout can be successfully realized, its development potential and imagination may far exceed that of Coinbase.

Coinbase's main service market remains centered on the United States, and its international strategy is essentially more of a "backup" plan to diversify risks—an emergency option in the face of tightening regulatory environments and even enforcement pressures in the U.S. In contrast, HashKey's greatest advantage lies in its deep cultivation of the Asian market, allowing it to leverage its in-depth understanding and resource advantages in the region to gain a head start in the globalization process. Asia, as one of the most growth-potential virtual asset markets globally, not only has a broad user base but also increasingly mature policy support and a technological innovation ecosystem, providing a solid starting point for HashKey's globalization.

At the same time, HashKey's strategy is more proactive, genuinely user-oriented, planning around global needs in terms of technical architecture, product design, and compliance systems. With the strong support of the Asian market, HashKey has the capability to further break through regional boundaries and expand into the crypto ecosystem in Europe, America, emerging markets, and even globally. This bottom-up, regional-to-global strategic layout not only enhances HashKey's flexibility and risk resistance but also lays