HashKey Group has launched a global crypto exchange called HashKey Global in Bermuda, following Coinbase's move.

They chose Bermuda due to its favorable regulatory environment.

HashKey Global aims to combine the user experience of Binance with the regulatory safety of Coinbase.

Their goal is to become the largest compliant exchange within five years, surpassing competitors like Coinbase International.

The exchange won't serve certain regions, including Hong Kong, China, and the US.

HashKey Global plans to offer various services like spot and futures trading, staking, and project launchpads, with initial support for 20 cryptocurrencies.