HashKey Exchange CEO Livio Weng: Trump's election will drive more countries and financial institutions to enter the market

On November 7th, Livio Weng, CEO of HashKey Exchange, stated in an interview with Phoenix TV's Chinese channel that Trump is the first president in the United States to be very cryptocurrency friendly. During the campaign, Trump promised multiple measures to support cryptocurrencies, such as including Bitcoin in the national reserve, making the United States the world's cryptocurrency capital, and relaxing regulations.

He stated that Trump's cryptocurrency policy will drive more financial institutions to enter the market. Taking HashKey Exchange as an example, after 2 years of effort, we have cooperated with dozens of mainstream financial institutions in Hong Kong to build the largest licensed exchange in Hong Kong. However, more institutions still maintain a conservative attitude towards this industry, "he said." Trump will have a demonstration effect, accelerating the adoption of cryptocurrency by traditional industries and traditional populations

Nowadays, many countries and regions around the world are accelerating their layout of the Web3 ecosystem and launching a new round of industrial competition. Weng Xiaoqi pointed out, "Trump's attitude towards encrypted assets will not only affect US policies, but also accelerate the global competition for the Web3 industry

In addition, Weng Xiaoqi also stated in an interview that "a new round of trade war is likely to come after Trump takes office, but its impact on China will become smaller and smaller.

*As of November 1, 2024, HashKey Exchange ranked 8th on CoinGecko and is the highest ranked licensed virtual asset exchange in Hong Kong