Hong Kong-based trading platform HashKey Group has announced the listing of XRP XRP for professional investors.

The company said in a tweet that spot XRP/USD markets are now live, although the trading pair notched just $4,000 in volume in the first hour after listing.

HashKey Group is licensed by the Hong Kong Securities and Futures Commission (SFC) and targets institutional investors in Asia.

The listing comes after XPR was selected as one of five assets to be included in included in the U.S. strategic crypto reserve.

HashKey Group cited XRP's resurgence in late 2024 as a catalyst for this cycle's first altcoin season, and in April it rolled out Asia's first XRP tracker fund in partnership with Ripple.

“HashKey Capital has been a valued partner in expanding institutional access to XRP across Asia, " Fiona Murray, Ripple's managing director of APAC said in a press release. "

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.”

XRP is currently trading at $2.19, down 4.4% over the past 24 hours following a wider crypto market sell-off that has seen bitcoin slump to $105,000.

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