HashKey Global, the international branch of Hong Kong’s HashKey Group, is expanding its cryptocurrency offerings by including Solana (SOL) for trading on its platform. This new addition is available to users outside of the Hong Kong market.

The exchange, launched in April as part of the group's global expansion strategy, initially listed around 20 digital assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether's USDT (USDT). As announced on Friday, HashKey Global has now added the SOL/USDT pair to its spot market, increasing the total number of tokens available for spot trading to 21.

Starting today, May 24, at 10:00 (UTC), HashKey Global will enable trading for the SOL/USDT pair. However, this asset will not be available in certain regions, including the United States and mainland China, due to regulatory uncertainties. The listing of SOL will allow a broader audience across the Asia region to trade the asset on a regulated exchange.

In April, HashKey Group received regulatory approval from financial regulators in Bermuda, where its international unit is headquartered, enabling the company to offer crypto trading services to retail customers in compliance with local regulations.

HashKey Group's COO, Livio Weng, noted that the Hong Kong division, which serves both retail and institutional clients, had approximately 170,000 users. However, the number of interested users unable to access the Hong Kong market was four times the actual user base. With the launch of the international platform, these users can now purchase their desired cryptocurrencies.

Weng anticipates significant growth for HashKey Global's user base, as the exchange will cater to users from various crypto-friendly jurisdictions.

Despite the listing on HashKey Global, Solana (SOL) has shown no positive reaction, maintaining its bearish trend over the past 24 hours. Currently trading around $165, SOL has dropped by 5.4%, aligning with broader market sentiments as BTC and ETH have also decreased by 3.27% and 3.74%, respectively.