HashKey Global: April Trading volume exceeded $3.6 billion in 22 days, surpassing Coinbase’s volume for the same period
In less than a month, HashKey Global, a global licensed exchange under HashKey Group, has released its first monthly report. The platform’s trading volume reached a staggering $3.6 billion, with registered users surpassing 82,467, spanning over 62 countries and regions.
As a globally renowned licensed exchange, HashKey Global was initially hailed as the “Coinbase of the East” upon its launch. How has it fared in its early stages?
According to The Block, Coinbase International had an average daily trading volume of around $100 million when it launched in May 2023. HashKey Global, announced a trading volume of $3.6 billion within 22 days since its launch, with an average daily trading volume of approximately $163 million, surpassing the figures of Coinbase International for the same period.
Coinbase International supported trading in BTC and ETH contracts early on, which constituted a significant portion of its platform’s early revenue. However, despite HashKey Global not yet launching its contract products, it has already achieved or even surpassed Coinbase’s trading volume for the same period. Currently, HashKey Global has around 48,783 users who have submitted KYC applications, with daily revenue reaching up to $540,000 at its peak. The platform now offers 22 selected mainstream assets.
Despite recent volatility in the Bitcoin market, with prices experiencing a continuous downward trend for the longest period in 2024, there’s been no dampening of enthusiasm in the crypto sphere for the launch of global exchanges. Various indicators suggest increased activity in the crypto market, with users in the Asia-Pacific region demanding exchanges that are both compliant and user-friendly. HashKey Global has capitalized on this trend and has achieved commendable results, making impressive results.
“8246” and “28.15”
“82467” signifies that within just 22 days of its launch, HashKey Global had already amassed over 82,467 registered users, covering over 62 countries and regions globally. In order to further attract users, HashKey Global also introduced corresponding token rewards: new registered users would receive HashKey’s natiive token, HSK. This incentive measure effectively stimulated user participation, leading to a surge of new users on the platform, thereby enhancing its activity and trading volume.
Equally noteworthy is “28.15”, which represents the average time taken for KYC verification. KYC is no longer a high barrier preventing user registration. By adhering to compliance and security while improving services and technology, HashKey has achieved an average KYC processing time of just 28.15 minutes, greatly facilitating user transactions and achieving top-notch industry standards. This efficient and convenient service will also permeate throughout the entire trading process, significantly improving the user trading experience.
Gearing up for further advancement
Having firmly established itself in the Asian market, HashKey Exchange leverages its extensive experience in the region. Moving forward with the compliance, security, and audit solutions of HashKey Exchange (Hong Kong’s largest licensed virtual asset exchange), HashKey Global possesses unique features such as asset segregation, asset insurance, independent audits, and fiat banking channels. HashKey will continue to expand its global footprint. What are the next strategic moves for HashKey Global?
HashKey Global boasts a compliant listing system and has secured the first-mover advantage for listing two new coins (MERL and MSN) consecutively. HashKey Global has listed Merlin Chain (MERL) and Meson Network (MSN). To celebrate the listing of MERL, HashKey Global and the Merlin community have prepared an exclusive event, featuring a prize pool of up to 200,000 MERL waiting to be distributed.
HashKey Global also collaborates with the Meson Network community to bring users exclusive activities, with a prize pool of 18,000 MSN awaiting distribution. Users only need to complete recharge and transaction tasks to receive the project’s token, MSN.
HashKey Group leads the market to enter an era of licensed exchanges. Rooted in Hong Kong, HashKey’s exchange business is based on the “compliance model output.” The success of its global strategy is inseparable from the fertile ground of Hong Kong. A successful globalization layout in the future signifies the success of the “compliance model.” HashKey will continuously optimize digital asset services, providing users with a compliant and user-friendly platform.
About HashKey Global
HashKey Global is one of the flagship global digital asset exchanges under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, leverage, and staking.
For more details, please visit global.hashkey.com.
Disclaimer: In compliance with local regulations, HashKey Global does not offer services to individuals in the United States, mainland China, Hong Kong, and certain restricted countries or regions. This material is for informational purposes only and is not intended to be distributed or relied upon by individuals in Hong Kong. This material does not constitute an offer to buy or sell any financial products, nor should it be considered as investment advice. Investing in digital assets involves risks. Investors should not make investment decisions based solely on this press release, but should carefully evaluate their suitability to participate in any investment products based on their own investment experience, investment objectives, financial situation, and other relevant conditions.
RISK WARNING ABOUT HSK: Please be aware that HSK is not currently listed on any exchange and there is no guarantee that it will be listed in the future. As a result, HSK presently has no established market value. The timeline for the potential listing of HSK remains uncertain. In the event that HSK is successfully listed, it may be subject to various trading restrictions in accordance with applicable regulations and laws. These restrictions may include, but are not limited to, limiting the trading of HSK solely to eligible professional investors in select locations and subject to regulatory approval. The value of HSK is subject to substantial risk and may diminish or fluctuate significantly in response to various market conditions and other factors beyond HashKey’s control. HashKey Global and its affiliates make no warranties, express or implied, in relation to HSK or any rewards and disclaims any liability relating thereto.