HashKey Global now supports Ethereum on Base

Hashkey Global, an exchange of flagship digital assets under Hashkey Group, has just integrated Ethereum support on the basis, reducing funds for transferring funds to and since the exchange.

Hashkey Global successfully integrated Ethereum (ETH) on the basic network, with deposit and withdrawal services which are now officially open. The platform now supports ETH transactions on three networks: ERC-20, base (BASE) and the referee (ARB). By integrating ETH support on the basis, Hashkey Global facilitates and more profitable to move the funds in and out of the exchange while interacting with the ecosystem of the Ethereum blockchain.

This decision is part of the growing adoption of Ethereum Layer 2 solutions by exchanges in order to relieve congestion and high costs which are characteristic of the Mainnet d’Ethereum. Exchanges like Binance, Okx and Kucoin quickly integrated layer 2 networks for Ethereum transactions.

Binance began to support arbitrum and optimism (Boost) in 2021 to reduce the impact of high gas costs. Since then, the exchange has expanded its support to other layer solutions 2. OKX has followed suit in 2021 by integrating Arbitrum. Kucoin also added an arbitrum support in 2021 and then extended his offers to other layer 2 networks.

The news comes from the recent achievement of the Hashkey group securing In principle approval of Dubai Vara for a license of virtual asset service provider, expanding its regulated services in the Middle East region. Earlier, Hashkey Europe Limited, a subsidiary of the Hashkey group, received Registration approval of the Vasp from the central bank of Ireland. In addition, the platform recently launched its own token, Hash tokenwhich reached a summit of $ 2.59 on December 20, 2024.