HashKey Global Now Supports Ethereum on Base

HashKey Global, a flagship digital asset exchange under the HashKey Group, has officially integrated Ethereum (ETH) support on the Base network, allowing for enhanced functionality with ETH transactions and reducing the costs associated with moving funds to and from the exchange. The integration opens up deposit and withdrawal services across three networks: the native Ethereum ERC-20 network, Base (BASE), and Arbitrum (ARB). This allows users of HashKey Global to easily and cost-effectively manage their Ethereum-based assets while interacting with the broader Ethereum blockchain ecosystem.

Ethereum’s Layer 2 solutions, such as the Base network, have become an increasingly popular choice for reducing the congestion and high fees that users often face on Ethereum’s mainnet. These solutions address scalability issues by processing transactions off-chain and offering lower fees compared to the high gas costs traditionally associated with the Ethereum mainnet. By supporting Ethereum transactions across multiple Layer 2 networks, HashKey Global is positioning itself as a forward-thinking platform that facilitates quicker, more affordable transactions for users.

The adoption of Ethereum’s Layer 2 solutions has become a standard across many prominent cryptocurrency exchanges in recent years. Binance, for example, started supporting networks like Arbitrum and Optimism in 2021 to minimize the impact of high gas fees on its users. OKX followed suit by integrating Arbitrum, and KuCoin also began supporting these networks shortly after. These exchanges’ proactive adoption of Layer 2 solutions helped reduce congestion, making Ethereum-based transactions more scalable and accessible to the wider crypto community.

By integrating Base, HashKey Global further extends its offerings and aims to attract users seeking an efficient, low-cost way to transfer Ethereum tokens. This integration is an essential part of the ongoing evolution of exchanges, as they work to improve user experience by addressing the limitations of the Ethereum mainnet, which is often bogged down by high fees and network congestion.

In addition to these technical advancements, HashKey Group has been making strides in expanding its regulated services globally. Recently, the company secured In-Principle Approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to operate as a licensed Virtual Asset Service Provider (VASP). This approval enables HashKey Global to provide a broader range of digital asset services in the Middle East, positioning itself as a key player in the region’s rapidly growing cryptocurrency market.

Further solidifying its presence in Europe, HashKey Europe Limited, a subsidiary of HashKey Group, received VASP registration approval from the Central Bank of Ireland. This step marks a significant milestone for HashKey Group’s regulatory compliance and supports the platform’s growth in the European market. The company has also launched its own native token, HashKey Platform Token, which hit an all-time high of $2.59 on December 20, 2024, a key achievement that highlights the platform’s growing influence in the cryptocurrency ecosystem.

HashKey Global’s latest moves—integrating Ethereum support on Base, expanding its regulatory footprint, and launching its own token—underline the company’s commitment to becoming a leading player in the digital asset space. By embracing new technologies and navigating the complexities of global regulations, HashKey is positioning itself as a trusted and innovative platform for both retail and institutional crypto users. As the Ethereum ecosystem continues to evolve, platforms like HashKey Global are key to driving mainstream adoption and making blockchain-based transactions more efficient, secure, and accessible for everyone.