Key Points:
- Lower Transaction Costs: HashKey Global integrates Ethereum on Base, reducing fund transfer costs.
- Enhanced Network Support: ETH transactions now available on ERC-20, Base, and Arbitrum networks.
- Regulatory Growth: HashKey Group secures key regulatory approvals in Dubai and Ireland.
HashKey Global Embraces Ethereum on Base
HashKey Global, the leading digital asset exchange under HashKey Group, has announced the integration of Ethereum (ETH) support on the Base network. This move significantly cuts the costs associated with transferring funds to and from the exchange while improving access to the Ethereum blockchain ecosystem.
With this integration, HashKey Global now supports ETH transactions across three key networks:
- ERC-20 (Ethereum mainnet)
- Base (BASE)
- Arbitrum (ARB)
The deposit and withdrawal services for ETH on Base are now officially live, providing users with more efficient and cost-effective fund transfers.
Growing Adoption of Layer 2 Solutions
Ethereum’s Layer 2 solutions continue to gain traction among crypto exchanges, aiming to ease congestion and lower transaction fees. HashKey Global joins major industry players like Binance, OKX, and KuCoin in embracing Layer 2 networks.
- Binance was among the first to support Arbitrum and Optimism (OP) in 2021, later expanding to other Layer 2 solutions.
- OKX integrated Arbitrum in 2021 to enhance transaction efficiency.
- KuCoin followed suit with Arbitrum support and later extended its offerings to additional Layer 2 networks.
Expansion & Regulatory Milestones
This announcement follows HashKey Group’s recent regulatory advancements:
- In-Principle Approval from Dubai VARA: HashKey Group is expanding its regulated virtual asset services in the Middle East.
- VASP Registration in Ireland: HashKey Europe Limited, a subsidiary of the HashKey Group, secured Virtual Asset Service Provider (VASP) approval from the Central Bank of Ireland.
- HashKey Platform Token’s Performance: The exchange recently launched its native token, HashKey Platform Token, which reached an all-time high of $2.59 on December 20, 2024.
By supporting Ethereum on Base, HashKey Global strengthens its position as a cost-efficient and forward-thinking digital asset exchange. As Layer 2 adoption accelerates, the platform continues to enhance accessibility and affordability for its users.
