HashKey Global, a flagship digital asset exchange under HashKey Group, has just integrated Ethereum support on Base, slashing the costs of transferring funds to and from the exchange.
HashKey Global has successfully integrated Ethereum (ETH) on the Base network, with deposit and withdrawal services now officially open. The platform now supports ETH transactions across three networks: ERC-20, Base (BASE), and Arbitrum (ARB). By integrating ETH support on Base, HashKey Global makes it easier and more cost-effective to move funds in and out of the exchange while interacting with the Ethereum blockchain ecosystem.
This move is part of the growing adoption of Ethereum’s Layer 2 solutions by exchanges with the aim of alleviating the congestion and high fees that are characteristic of Ethereum’s mainnet. Exchanges like Binance, OKX, and KuCoin have been quick to integrate Layer 2 networks for Ethereum transactions.
Binance started supporting Arbitrum and Optimism (OP) in 2021 to reduce the impact of high gas fees. Since then, the exchange has expanded its support to other Layer 2 solutions. OKX followed suit in 2021 by integrating Arbitrum. KuCoin also added Arbitrum support in 2021 and later extended its offerings to other Layer 2 networks.
The news comes on the heels of 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. Earlier, HashKey Europe Limited, a subsidiary of the HashKey Group, received VASP registration approval from the Central Bank of Ireland. In addition, the platform recently launched its own token, HashKey Platform Token, which hit an all-time high of $2.59 on Dec. 20, 2024.
