HashKey Global, a leading digital asset exchange under HashKey Group, has added Ethereum support on the Base network, decreasing transaction costs.
Ethereum Integration on Base
HashKey Global successfully integrated Ethereum on Base, offering deposit and withdrawal services. ETH transactions are supported across ERC-20, Base, and Arbitrum networks. This integration facilitates easier and cheaper transactions on the platform.
Features of Layer 2 Solutions
This integration is part of efforts to adopt Layer 2 solutions to reduce congestion and high fees on Ethereum's mainnet. Exchanges like Binance, OKX, and KuCoin also provide Layer 2 solutions to enhance user experience.
Regulatory Achievements of HashKey Group
This news follows HashKey Group securing in-principle approval for a Virtual Asset Service Provider license in Dubai. Previously, the company obtained VASP registration approval from the Central Bank of Ireland. Recently, it has also launched its platform token, reaching an all-time high.
HashKey Global's Ethereum integration on the Base network lowers transaction costs, reflecting the trend of employing Layer 2 solutions for enhanced cryptocurrency platform functionality.
