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Hong Kong’s HashKey Exchange says crypto deposits greater than $1,024 will only be allowed from Binance. 
In a <a href="https://support.hashkey.com/hc/en-gb/articles/26473664750489-HashKey-Exchange-Virtual-Assets-Withdrawal-Guidelines-General-" target="_blank" rel="noreferrer noopener">blog announcement</a> on Dec. 21, <a href="https://crypto.news/tag/hashkey/" target="_blank" rel="noreferrer noopener">HashKey</a> Exchange said it wants to meet regulatory requirements introduced by the Hong Kong Securities and Futures Commission (<a href="https://crypto.news/tag/sfc/" target="_blank" rel="noreferrer noopener">SFC</a>), which is why the exchange will not accept crypto deposits from third-party exchanges except <a href="https://crypto.news/tag/binance/" target="_blank" rel="noreferrer noopener">Binance</a>. Those users who send more than 8,000 HKD (around $1,024) would have to adhere to regulatory Travel Rule guidelines. 
<blockquote class="wp-block-quote"> 
 “Currently, HashKey Exchange only accepts a single digital asset deposit of equal amounts greater than 8,000HKD from binance.com. Deposit from other third party exchanges are not able to accepted.” <cite>HashKey Exchange</cite>
</blockquote> 
 You might also like: <a href="https://crypto.news/hong-kongs-hashkey-unveils-plans-to-launch-erc-20-utility-token/"> Hong Kong’s HashKey unveils plans to launch ERC-20 utility token </a> 
However, deposits below 8,000 HKD from 24 designated crypto exchanges will be permitted. 
Starting Jan. 1, 2024, deposits of less than 8,000 HKD will be accepted from the following list of exchanges: Binance, Coinbase, Kraken, Binance.us, Bitfinex, Gemini, Bitstamp, Coincheck, OKX, Bitflyer, Bybit, Bithumb, Bitget, Upbit, Gate, Mexc, Crypto.com, OSL, Fireblocks, WhaleFin, ACE exchange, XPert Custody, HEX TRUST (HexSafe), and BitMEX. 
Users are reminded to provide proof of the source of funds during the initial deposit from third-party exchanges. As of the latest update, HashKey Exchange supports retail deposits in Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>). 
Launched in November, HashKey Exchange caters to both institutional and retail investors, positioning itself as a compliant crypto trading platform in the Hong Kong market. 
 Read more: <a href="https://crypto.news/hong-kongs-hashkey-announces-10k-application-fee-for-token-listings/"> Hong Kong’s HashKey announces $10k application fee for token listings </a>

Hong Kong’s HashKey Exchange restricts large third-party deposits except from Binance

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