Hong Kong-based HashKey Group has officially listed XRP for institutional investors on its trading platform. This follows XRP’s recent inclusion in the U.S. strategic crypto reserve and its notable comeback towards the end of 2024.
- The current trading price of XRP is $2.19, experiencing a 4.4% decline due to a broader sell-off in the cryptocurrency market.
The company announced via a tweet that their spot XRP/USD markets are now operational, although the trading pair registered only $4,000 in the first hour after being listed.
HashKey Group holds a license from the Hong Kong Securities and Futures Commission (SFC) and focuses on serving institutional investors in Asia. This listing is considered a significant move after XRP was chosen as one of five assets included in the U.S. strategic crypto reserve.
XRP’s revival in late 2024 has been credited as a trigger for this cycle’s initial altcoin season, and in April, HashKey launched Asia’s pioneer XRP tracker fund in collaboration with Ripple.
“HashKey Capital has been a valued partner in expanding institutional access to XRP across Asia,” said Fiona Murray, Ripple managing director of APAC. “From launching the region’s first XRP Tracker Fund to facilitating XRP’s listing on HashKey Exchange, our collaboration reflects a shared commitment to real-world utility. We look forward to advancing that momentum through responsible innovation.”
“HashKey Capital has been a valued partner in expanding institutional access to XRP across Asia,” said Fiona Murray, Ripple managing director of APAC.
The current price of XRP is $2.19, reflecting a 4.4% drop over the last 24 hours as the cryptocurrency market takes a hit, with Bitcoin currently priced around $105,000.
