HashKey Global Expands Ethereum Support with Base Integration

HashKey Global, a major Asian digital asset firm, has made it easier and cheaper for users to transfer funds by adding Ethereum support to Base. 

As reported, this change will help people using their platform save money on fees and speed up transactions.

Lower Fees, Faster Transactions

Notably, the leading digital asset exchange under HashKey Group announced that it has officially added Ethereum support on the Base network. 

Following the development, users can deposit and withdraw ETH across three networks: ERC-20, Base (BASE), and Arbitrum (ARB).

Furthermore, this recent upgrade has given HashKey Global a top position among cryptocurrency exchanges, adopting Ethereum’s Layer 2 solutions to cut high gas fees and ease network congestion. 

Popular exchanges like Binance started supporting Arbitrum and Optimism as early as 2021. The exchange made it known that it intended to reduce transaction costs. 

Seeing Binance’s progress with the upgrade, OKX and KuCoin followed suit, adding Arbitrum support to their platforms.

Notably, HashKey Global’s incorporation of Base into their network will allow people using the platform to get more functional and less expensive ways to move funds in and out of the exchange while staying connected to Ethereum’s ecosystem.

HashKey Global’s Expanding Influence

It is worth mentioning that this update comes at a time when HashKey Group has been diligently working to strengthen its presence in key markets. 

For example, in recent weeks, the company received In-Principle Approval from Dubai’s Virtual Asset Regulatory Authority (VARA) for a Virtual Asset Service Provider (VASP) license. This will enable the finer to enjoy privileges and expand its regulated crypto services in the Middle East. 

More importantly, this will have an economic impact on the firm and help them reach more people with their services as cryptocurrency adoption increases worldwide.

Additionally, HashKey Europe Limited, a subsidiary of HashKey Group, has obtained VASP registration from the Central Bank of Ireland. This milestone strengthens the company’s regulatory presence in Europe and strategically positions it for deeper regional market penetration.

HashKey Token Rises Despite Market Slump

In December, the platform launched its token, HashKey Platform Token, which hit an all-time high of $2.59. In fact, as of press time, Coinmarketcap data shows that the token has seen a 1% increase, trading at $0.7241 since the announcement was released to the public. 

In addition, this price gain occurs when major tokens like Bitcoin, SOL, and ETH are experiencing market declines.

Meanwhile, Last year, HashKey Global announced a groundbreaking partnership with Sonic, a prominent layer 2 network in the Solana ecosystem. The partnership was focused on targeting the TikTok gaming community with compliant digital asset services.