Hashkey, a known crypto exchange, notes in its recent press release that its native token HSK will be officially available for deposit from November 07, 2024. The announcement includes the listing of tokens on Hashkey Global Innovation Zone.
However, it’s crucial to note that the spot trading of HSK/USDT will be available from November 26. The token will be widely accepted by all the businesses owned by Hashkey Global Group. Worth noting that the HSK will be available on the ERC 20 network
Following the announcement, Ben El- BAZ the managing director of Hashkey Global asserts that the firm aims to provide Liquidity support with a stable trading ecosystem for their native token.
He said, “HSK is not just a token, but a bridge between Asia and the global financial infrastructure.”
In the broader cryptocurrency market, the move to launch its native token by Hashkey is largely appreciated, and the launch will place the few exchanges that have their native token.
Earlier this month it was reported that Hashkey joined hands with Elliptic to enhance compliance and risk management in the crypto exchange landscape, the alliance will help the exchange to maintain a risk-free environment for users.
In the ranking table of cryptocurrency exchange Hashkey Global is ranked 50th by CoinMarketCap and on CoinGecko it is ranked 8th with a 10/10 rating. Hashkey is among the leading cryptocurrency exchanges in Asia and a leader in the Hong Kong market.
Hashkey Global Eyeing in UAE and EU Crypto Market!
An X post dated November 02, 2024, by Hashkey Global, notes that the institution has applied with Dubai’s VARA, and the post further notes that it is also planning for licensing in the European Union.
The race to get more licenses has created a competitive environment in the cryptocurrency exchange category and almost every exchange is trying to expand beyond its regional territory to serve more crypto enthusiasts worldwide.
In October 2024 it was reported that Hashkey Global announced its alliance with Sumsub for the improvement of AML and KYC process. It is a globally known platform helping businesses to verify businesses, users, and transactions.
The partnership will help the exchange to reduce the verification time and make the verification process hassle-free.
The digital acid exchange has partnered with more than 6 companies since the beginning of 2024 in order to reduce risk and improve scalability and user experience in order to expand and lure more users.
Hashkey Global has $27,527,730.19 in exchange reserves and BTC/USDT is one of the highest-traded pairs. It offers trading of more than 15 coins and dozens in Hong Kong and other regions as well.
