HashKey Global Integrates Ethereum Support on Base, Reducing Transaction Costs

HashKey Global, a leading digital asset exchange under the HashKey Group umbrella, has successfully integrated Ethereum (ETH) support on the Base network. This development enables users to deposit and withdraw ETH across three networks: ERC-20, Base (BASE), and Arbitrum (ARB).

Cost-Effective Transactions and Growing Adoption of Layer 2 Solutions

By integrating ETH support on Base, HashKey Global aims to make transactions more cost-effective and efficient for users interacting with the Ethereum blockchain ecosystem. This move is part of the growing adoption of Ethereum’s Layer 2 solutions by exchanges, designed to alleviate congestion and high fees characteristic of Ethereum’s mainnet.

Other notable exchanges, such as Binance, OKX, and KuCoin, have already integrated Layer 2 networks for Ethereum transactions. For instance:

  • Binance started supporting Arbitrum and Optimism (OP) in 2021 to reduce the impact of high gas fees.
  • OKX followed suit in 2021 by integrating Arbitrum.
  • KuCoin added Arbitrum support in 2021 and later extended its offerings to other Layer 2 networks.

Regulatory Approvals and Expansion

This news comes after HashKey Group’s recent achievement of securing In-Principle Approval from Dubai VARA for a Virtual Asset Service Provider license, expanding its regulated services in the Middle East region. Additionally, HashKey Europe Limited, a subsidiary of the HashKey Group, received VASP registration approval from the Central Bank of Ireland.

HashKey Global also launched its own token, HashKey Platform Token, which reached an all-time high of $2.59 on December 20, 2024.

HashKey Global’s integration of Ethereum support on Base is a significant step towards providing users with a more efficient and cost-effective experience.

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