HashKey Global, a flagship digital asset exchange under HashKey Group, has successfully integrated Ethereum (ETH) support on the Base network, streamlining fund transfers and reducing transaction costs. The exchange announced that deposit and withdrawal services for ETH on Base are now live, further expanding its multi-network support.
Enhanced Ethereum Transactions Across Networks
With this integration, HashKey Global now supports ETH transactions across three networks: ERC-20 (Ethereum mainnet), Base, and Arbitrum. The addition of Base provides users with a cost-effective alternative to transfer funds while maintaining seamless access to Ethereum’s Layer 2 ecosystem.
The move aligns with the broader industry trend of adopting Ethereum Layer 2 solutions to alleviate network congestion and high gas fees. Major exchanges, including Binance, OKX, and KuCoin, have integrated Layer 2 networks to improve transaction efficiency. Binance introduced support for Arbitrum and Optimism (OP) in 2021, followed by OKX and KuCoin, both of which expanded their offerings to include multiple Layer 2 solutions.
HashKey’s Expanding Global Presence
The announcement follows HashKey Group’s recent regulatory advancements. The company recently secured In-Principle Approval from Dubai’s Virtual Asset Regulatory Authority (VARA) for a Virtual Asset Service Provider (VASP) license, positioning it for further expansion in the Middle East. Additionally, HashKey Europe Limited received VASP registration approval from the Central Bank of Ireland, strengthening its presence in the European market.
The exchange has also been making waves with its HashKey Platform Token, which reached an all-time high of $2.59 on December 20, 2024.
By supporting Ethereum on Base, HashKey Global continues its commitment to improving user experience, enhancing accessibility, and embracing Layer 2 advancements for more efficient digital asset transactions.
