How OSL and HashKey Respond to the Hong Kong Securities and Futures Commission’s 50% Minimum Insurance Requirement

Content Directory
Toggle
Hong Kong Exchange Requires Minimum 50% Insurance
95% of User Assets Under OSL are Insured
HashKey has up to $400 Million in Insurance
13 Other Operators are Applying Besides OSL and HashKey
Hong Kong Exchange Requires Minimum 50% Insurance
According to Cryptopolitan, the Securities and Futures Commission (SFC) of Hong Kong has set a minimum insurance requirement of 50% for user assets held by licensed cryptocurrency platforms to ensure the safety of investors’ funds. This requirement aims to protect users from potential cybersecurity vulnerabilities or bankruptcy.
Both of Hong Kong’s licensed exchanges, OSL and HashKey, have made preparations accordingly.
95% of User Assets Under OSL are Insured
OSL recently announced a two-year partnership with insurance company Canopius, through which OSL will provide insurance for 95% of its user assets.
Advertisement – Continue reading below

(
Parent company of OSL, Foresight VC, and BitgetX are investing in Hong Kong licensed exchanges.
)
HashKey has up to $400 Million in Insurance
HashKey signed a cryptocurrency insurance agreement with OneInfinity on November 16th last year, providing coverage ranging from $50 million to $400 million for various cybersecurity vulnerabilities, such as server shutdown, data backup, and load management events.
OneInfinity, founded by the OneDegree Group in 2022, focuses on business related to the Web3 sector.
13 Other Operators are Applying Besides OSL and HashKey
According to the official website of the Securities and Futures Commission of Hong Kong, only OSL and HashKey have obtained virtual asset trading licenses, while the other 13 entities are still in the process of applying.

HashKey
OSL
SFC
Hong Kong licensed exchange

Further Reading
Asia’s First? Hong Kong SFC: Ready to Accept Physical ETF Products of Virtual Assets
ChainNews Compilation | Regulatory Developments Across Europe, Asia, and the Americas – Cryptocurrency Legal Map